From Seekingalpha · Money Metals Exchange · · 40s
India Gold Market Flips Premium
India's gold market hits premium for first time in three months as demand improves and supplies tighten.
In brief
India's gold market hits premium for first time in three months as demand improves and supplies tighten. India's gold market traded at a premium last week for the first time in three months due to improved demand and tighter supply. Originally reported by Seekingalpha.
Gold Trades Premium
Gold traded at a premium in India last week for the first time in three months.
Demand Improves
Indian gold demand has improved as prices fell even as the festive buying season kicked off.
Supply Tightens
While government intervention can limit imports, it’s unlikely to curb India's appetite for gold.
The big picture
India's gold market traded at a premium last week for the first time in three months due to improved demand and tighter supply.
