News Snapshot:
High gold costs, Covid-19 spike dim lustre in top Asian hubs Elevated home costs dimmed retail urge for food for bodily gold in India this week, whereas a resurgence in Covid-19 circumstances prompted sellers in China and Hong Kong to supply reductions. Indian gold costs jumped to Rs 55,558 per 10 grams earlier this month, not removed from the all-time excessive of Rs 56,191 hit in August 2020. “Prices are very volatile. Consumers are hoping prices may not sustain at higher levels,” stated a Mumbai-based seller with a non-public gold importing financial institution. Dealers supplied reductions of as much as...
