October 15, 2021 10:50 pm | Updated 10:51 pm IST
Photo used for representational purpose only. File
Physical gold flipped back to premiums in India this week as key festivals ushered in jewellery buying.
The December quarter accounts for about a third of India’s gold sales as it takes in the start of the wedding season as well as festivals.
“Retail demand has improved to pre-pandemic level,” said Ashish Pethe, chairman of the All India Gem & Jewellery Domestic Council. Dealers charged premiums of up to $2 an ounce over official domestic prices — versus last week’s $2 discounts.
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