BENGALURU/MUMBAI: Gold demand in most Asian centres firmed this week, spurred on by a dip in prices although buyers in the world’s second-biggest consumer India held off buying in the hope of further falls.
Spot gold touched $1,235.92 an ounce this week, its lowest level since July 20.
“Very good demand (in Asia) this week. Prices below $1,250 an ounce a clear buy signal for many,” said Cameron Alexander, an analyst with Thomson Reuters-owned metals consultancy GFMS. ..