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Gold

Asian Gold Markets Cool as Indian Wedding Season Ends

India Gold Demand Slump Deepens as Asia Faces Soaring Prices
India Gold Demand Slump Deepens as Asia Faces Soaring Prices

Physical gold demand weakened across Asia this week, particularly in India where rising prices and the end of wedding season reduced buying activity.

Indian dealers offered significant discounts of up to $31 per ounce to attract buyers, while Chinese premiums also decreased despite high import volumes.

The seasonal slowdown in India coincides with monsoon season, leading jewelers to postpone new purchases as domestic prices hover near 94,900 rupees per 10 grams.

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