Bigger India
Safe Haven Lure Fails To Lift Demand; Indian Jewellers Stock Up
Dealers in India were offering a discount of up to $2 an ounce over official domestic prices, unchanged from the prior week.
Physical gold demand lacked vigor in most Asian hubs this week as limited safe haven interest failed to lift activity into the year end, while jewellers in India stepped up purchases, hoping for a further leg to a rally in domestic rates.