Home Economy Gold demand in India slows, Lunar New Year fuels interest in other hubs
Economy - January 10, 2025

Gold demand in India slows, Lunar New Year fuels interest in other hubs

Gold demand in India slows, Lunar New Year fuels interest in other hubs

Gold discounts in India increased as high local prices deterred buyers, while Lunar New Year festivities spurred gold purchases in other Asian countries. Indian jewellers offered up to a $17 discount per ounce. In China, discounts ranged from $2 to premiums of $9, driven by the festive season and market expectations.

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