India’s central bank is likely to join counterparts in Russia and China scooping up gold this year, adding to its record holdings and lending support to worldwide bullion demand as top economies diversify their reserves. The Reserve Bank of India’s purchases is part of a wider picture across developing economies that are looking at de-dollarizing […]

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Discounts widen in India, jewellers hold off on fresh purchases Activity quiet in China, premiums narrow to $5-$6.50/oz Singapore premiums ease slightly to $0.50-$0.60/oz Demand for physical gold was lacklustre in major Asian hubs this week as high prices dented bullion’s appeal going into the holiday season, with buying interest in second biggest consumer India […]

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