By Admin 
Gold pris in india: The price of 24 carat gold in India reached Rs 1,00,555 last week. Whereas on Friday, the business of 24 carat gold per 10 grams was being done for about Rs 97,700. However, due to weak employment data in the US, their prices have risen again on Saturday.
According to a report by Reuters, the price of gold spot in international markets reached its lower level this week and has been falling down for three consecutive weeks. Due to this fall in prices, interest in shopping has increased and gold demand has been improved in other Asian markets including India.
Improvement in gold purchases
Reuters reported to a Jewelers from Pune said that this week the number of customers was better since last week. People were also inquiring about prices and were also making small shopping. Indian dealers offered a discount of up to $ 7 per ounces at official domestic price, including 6 percent import duty and 3 percent selling duty, while last week the discount was up to $ 15 an ounce.
The bullion trader of a private bank in Mumbai said that the jewelers were eager to increase their stock after the price of gold in international markets, but reduced the impact of the fall in prices due to weakness in the rupee.
Gold demand in other Asian countries
In China too, dealers have placed the price of gold in a range of $ 4.2 from international rates and a premium of $ 12 an ounce. According to Reuters, Gold Trader Hugo Pascal in Inproved said, “It seems that China is a little cashing on the fall in the price of gold.” The Shanghai Gold Exchange had 11 tonnes of gold business yesterday, which shows a newly increasing interest in it. Gold was also sold at a premium of $ 1.50 in Hong Kong. At the same time, Singapore had a business at a premium of $ 1.40. Gold in Japan was sold at a premium of $ 0.60.
Reuters quoted a businessman in Japan as saying in their report, “There was a lot of demand for shopping even after a slight decline in the price. Despite the trade deal between Japan and the US, gold is going on as an asset amidst low interest rates.
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