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Gold prices in India back at discount on weak demand

Gold prices in India swung to a discount to the global benchmark this week for the first time since mid July as a weak monsoon dampened demand in the world`s second-biggest consumer.

China's gold imports from Hong Kong drop to eight-month low

China`s net gold imports from main conduit Hong Kong fell to an eight-month low in April, data showed on Thursday, as demand for the precious metal eased amid robust equities.

India, China account for 54% of total gold demand during Q1

India and China accounted for 54 percent of the total global gold consumer demand in the first quarter of this year, according to a report.

Shrouding China''s gold trade, more imports go under radar

Banks have started trial gold imports directly into the Shanghai free trade zone ahead of the launch of a gold exchange there, threatening to further obscure the level of buying by the world`s top consumer.

Gold tumbles on weak futures trend, firm rupee

Gold prices tumbled by Rs 840 to Rs 32,100 per 10 gm in the national capital Friday on reduced offtake along with a weak trend in futures trade on ending monthly settlement amid a firming rupee.

China set to overtake India in gold imports this year: WGC

Even as gold demand has picked up in the country during quarter ended September, China may still become the largest importer of the precious metal by the end of this year, overtaking India marginally, the World Gold Council said Thursday.