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Gold bar premiums soar in Asia on tight supply


By Lewa Pardomuan and Siddesh MayenkarSINGAPORE/MUMBAI (Reuters) - Premiums for gold bars soared to multi-year highs in Asia on Tuesday after a spate of physical buying led to supply constraints, with dealers in top consumer India expecting a surge in imports this month.Purchases of gold bars, coins, nuggets and other products picked up pace after a brutal selloff drove down spot gold prices to their weakest in more than two years at around $1,321 last week. A rise of more than $100 since then has failed to dent buyers' appetite for the metal."People are stocking for weddings and they will ...

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First Published: Tue, April 23 2013. 13:30 IST