Gold demand across key Asian markets improved this week as prices dropped from recent highs.
In India, dealers offered discounts of $34 per ounce, with traders suggesting demand could surge further if prices fall to around 90,000 rupees.
Chinese dealers charged premiums of $9-$50 per ounce, with analysts noting the price correction encouraged “bargain hunting.”
Markets in Hong Kong, Singapore, and Japan also saw increased activity, with Japanese traders reporting strong purchases from the general public during the price dip.
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