Reuters

Lower gold prices revive some demand in top hubs

Physical gold demand in Asia got a fillip this week as consumers snapped up bargains after prices dipped across regions, with premiums in top consumers India and China rebounding to multi-month highs. Dealers in India were charging premiums of up to $5 an ounce, the highest in five months, over official domestic prices — inclusive of the 10.75% import and 3% sales levies — compared with last week’s $1 premiums. On Friday, local gold futures were trading around 46,500 rupees per 10 grams, after falling to a four-month low of 45,662 rupees earlier this week.

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