India gold discounts deepen to $19/oz as volatility saps retail demand; China holds steady
Price swings pushed Indian dealers to offer discounts up to $19/oz as retail buying weakened, with most transactions now old-jewellery exchanges. That cut jewellers' need to replenish inventory even as domestic prices hovered near 144,800 rupees per 10 grams against a 148,069-rupee peak. China demand stayed steady.
Indian gold demand slowed as price volatility pushed dealers to offer discounts up to $19/oz; retail buying weakened with most transactions now old-jewellery exchanges, reducing jewellers' need to replenish inventory. China demand stayed steady.