Post by : Badri Ariffin

Gold markets in Asia are showing mixed trends, with India seeing a slight increase in demand while China experiences easing premiums.

In India, gold demand improved during recent festivals like Gudi Padwa and Ugadi. As buying increased, discounts offered by dealers reduced to around $75 per ounce, compared to $83 last week. However, overall demand is still lower than usual, according to market experts.

Global gold prices have fallen by more than 10% since the start of the U.S.-Israel conflict with Iran. The stronger US dollar has also affected gold prices, making it less attractive for buyers.

Despite the price drop, many Indian jewellers are still cautious, as they are closing their financial year accounts, which has limited strong buying activity.

In China, gold premiums have decreased to $10–$22 per ounce, down from $20–$30 last week. This indicates that demand has slowed in the short term.

Experts say that while current demand is softer, long-term interest in gold remains strong in China due to cultural value and continued reserve buying by the central bank.

Other Asian markets like Hong Kong, Japan, and Singapore have seen stable or slightly lower premiums, showing a balanced trend across the region.

Overall, the Asian gold market is adjusting to global price changes, with moderate demand in India and cooling demand in China.

#world news #Global News #Asia News