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12h agoGold in India trades at discount for first time in weeks amid festival pause
Gold in India was sold at a discount of up to US$12 per oz this week — the first time in seven weeks — as festival-season buying slowed and premiums eased in key Asian hubs. Global spot gold is set for its third monthly gain, but the firm U.S. dollar and elevated yields are keeping a lid on upside. Indian dealers point to weaker footfall after the recent festival surge and a reduction in jewellery stock-building ahead of the wedding season.
cautious
12h agoGold in India trades at discount for first time in weeks amid festival pause
Gold in India was sold at a discount of up to US$12 per oz this week — the first time in seven weeks — as festival-season buying slowed and premiums eased in key Asian hubs. Global spot gold is set for its third monthly gain, but the firm U.S. dollar and elevated yields are keeping a lid on upside. Indian dealers point to weaker footfall after the recent festival surge and a reduction in jewellery stock-building ahead of the wedding season.
cautious
Gold in India trades at discount for first time in weeks amid festival pause
about 13 hours ago
1 min read
81 words
Gold in India slipped into discount as post-festival demand wanes and global dollar strength holds back gains.
Gold in India was sold at a discount of up to US$12 per oz this week — the first time in seven weeks — as festival-season buying slowed and premiums eased in key Asian hubs. Global spot gold is set for its third monthly gain, but the firm U.S. dollar and elevated yields are keeping a lid on upside. Indian dealers point to weaker footfall after the recent festival surge and a reduction in jewellery stock-building ahead of the wedding season.
Gold in India was sold at a discount of up to US$12 per oz this week — the first time in seven weeks — as festival-season buying slowed and premiums eased in key Asian hubs. Global spot gold is set for its third monthly gain, but the firm U.S. dollar and elevated yields are keeping a lid on upside. Indian dealers point to weaker footfall after the recent festival surge and a reduction in jewellery stock-building ahead of the wedding season.
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economy
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India
gold
Oct 31, 2025 • 11:04 IST