India’s bullion market sees decade-high premiums amid festival demand
As global gold prices break records, India’s physical gold market is seeing runaway demand leading to record premiums. Dealers across major cities are quoting premiums up to $25/oz over benchmark rates. Domestic 10g prices surged past ₹131,699. The spike is largely driven by festival season buying (Dhanteras, Diwali), along with expectations of rate cuts and U.S.–China tension fueling safe-haven flows. Jewelry demand is muted, but retail investing in small denomination bars and coins remains robust amid supply tightness.
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2 days ago
India’s bullion market sees decade-high premiums amid festival demand
As global gold prices break records, India’s physical gold market is seeing runaway demand leading to record premiums. Dealers across major cities are quoting premiums up to $25/oz over benchmark rates. Domestic 10g prices surged past ₹131,699. The spike is largely driven by festival season buying (Dhanteras, Diwali), along with expectations of rate cuts and U.S.–China tension fueling safe-haven flows. Jewelry demand is muted, but retail investing in small denomination bars and coins remains robust amid supply tightness.
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India’s bullion market sees decade-high premiums amid festival demand
3 days ago
1 min read
78 words
Festival demand and global risk flows push India’s gold premiums to decade highs, despite weak jewelry demand.
As global gold prices break records, India’s physical gold market is seeing runaway demand leading to record premiums. Dealers across major cities are quoting premiums up to $25/oz over benchmark rates. Domestic 10g prices surged past ₹131,699. The spike is largely driven by festival season buying (Dhanteras, Diwali), along with expectations of rate cuts and U.S.–China tension fueling safe-haven flows. Jewelry demand is muted, but retail investing in small denomination bars and coins remains robust amid supply tightness.
As global gold prices break records, India’s physical gold market is seeing runaway demand leading to record premiums. Dealers across major cities are quoting premiums up to $25/oz over benchmark rates. Domestic 10g prices surged past ₹131,699. The spike is largely driven by festival season buying (Dhanteras, Diwali), along with expectations of rate cuts and U.S.–China tension fueling safe-haven flows. Jewelry demand is muted, but retail investing in small denomination bars and coins remains robust amid supply tightness.