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Lee Cheong Gold Dealers Ltd

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Indian festive demand for gold sluggish, discounts widen

Festive demand for gold in India got off to a tepid start, with local prices still at a heavy discount to the global benchmark, a bad sign for a period when buying is typically strong. Though sales......

India gold discounts widen on tepid demand, ample supply

Gold discounts in India, the world's second-biggest consumer, widened this week as dealers struggled to offload stocks amid sluggish demand. Dealers were offering discounts of $6 to $8 an ounce to......

Despite fall in gold prices, Indians stay away from buying

A fall in global gold prices to eight-month lows this week failed to boost demand in top consumers China and India as would-be buyers anticipate further declines on the back of a strengthing US......

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