Gold price: Dealers charge premiums as imports, smuggling stall
"The unemployment rate has been rising. Don`t think people will have the sentiment to buy more jewellery. Besides, the stock market has been hot in China recently, sucking more money away from gold to stocks," Samson Li, a Hong Kong-based precious metals analyst at Refinitiv GFMS, said.
Physical gold sold at a premium in India this week for the first time this year, Photo: Reuters