MUMBAI: Physical gold demand lacked vigour in most Asian hubs this week amid a slight dip in prices, while the yellow metal switched to a premium in India for the first time in over 1½ months due to a correction in local rates.
In India, dealers were charging a premium of up to US$1 an ounce over official domestic prices. This compared to a discount of US$1 last week as the country celebrated the annual Akshaya Tritiya festival, when buying gold is considered auspicious.
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