Asia gold trends: India buys, China stabilizes
The demand for gold in India increased during the current week due to falling prices, as the price of an ounce recorded discounts of up to $35. Meanwhile, cautious trading persisted among investors, and premiums declined in the Chinese market. Additionally, gold prices in India dropped to their lowest level since April. In China, gold reserves increased for the 19th consecutive month in May, amid trading that ranged between premiums and no discounts in Hong Kong and Singapore.
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