"With end-user demand originating from Indonesia and Malaysia in the last few years for the Singapore market, the sealed borders have limited the volumes," said Rahul Kedia, Director at Arihant Jewellers.
BENGALURU/MUMBAI, Dec 24 (Reuters) - Physical gold discounts rose in India this week as buyers remained on the sidelines, while demand in Singapore and other Asian hubs ticked up as buyers took advantage of lower prices ahead of holidays.
Indian consumers avoided gold purchases due to Khar Mass, a period considered to be inauspicious that runs from Dec. 15 to Jan. 14.
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