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Asia Gold: Higher prices and holiday season keep buyers at bay

Reuters  |  MUMBAI/BENGALURU 

By Rajendra Jadhav and K. Sathya NarayananMUMBAI/BENGALURU (Reuters) - Demand for physical gold was tepid across major buying centres in Asia this week as higher prices curbed purchases, with buying also impacted by the arrival of the year-end holiday season.Benchmark spot gold scaled a near six-month peak on Thursday and has gained about 1.7 percent so far this week. "Demand is quite low at this point of time, because a lot of people are on holiday, and gold prices are also high," said Brian Lan, managing director at dealer GoldSilver Central in Singapore."There are not big buyers. People ...

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First Published: Fri, December 21 2018. 18:26 IST
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