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Asia Gold: China premiums up on investment demand; Indian market on hold

by_sethuraman_n_r_and_rajendra_jadhav
Asia Gold: China premiums up on investment demand; Indian market on hold

BENGALURU/MUMBAI (Reuters) - Physical gold premiums rose in China this week as investment demand firmed on worries over global growth and a softening dollar, though Indian buyers remained on the sidelines ahead of the wedding season. Premiums in top consumer China firmed to $6 to $9 an ounce from last week's $4 to $8. "Right now the general Chinese sentiment is very bullish on the gold price," said Samson Li, a Hong Kong-based precious metals analyst at Refinitiv GFMS.