MUMBAI: Gold demand picked up in most Asian centres this week as prices of the yellow metal slid to a six-month low, with gold being sold at a premium in India for the first time in seven weeks.
Spot gold touched its lowest since Dec 19 at US$1,260.84 an ounce on Thursday, weighed down by outlook for higher interest rates in the United States and as the dollar climbed to an 11-month peak.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!