Gold Loses Its Shine in Asia: Buyers Stay Away as Prices Swing Wildly
(Source: Reuters + Market Data)
📉 What’s Happening:
- Gold demand drops across China, India & other Asian markets
- Prices swinging wildly ($3,300-$3,335/oz this week)
- China buyers want prices to hit $3,000 before returning
🇨🇳 China Situation:
✔️ Premiums still high ($10-$25 over global price)
✔️ New anti-money laundering rules scaring some buyers
✔️ “This will kill demand” – Local trader tells Reuters
🇮🇳 India Update:
✔️ Discounts shrink to $8/oz (from $14 last week)
✔️ Low imports + less scrap gold = tighter supply
✔️ Monsoon season always slows gold sales
💡 Why It Matters:
- Asia buys 60% of world’s gold – their slowdown hits global market
- Trump’s new tariffs didn’t spark safe-haven gold rush as expected
- All eyes on whether prices will crash to $3,000 trigger point
🏦 Expert View (Via Reuters):
“Gold needs stability or lower prices to lure back Asian buyers” – Hugo Pascal, Precious Metals Trader
📊 Price Watch:
📍 China: $10-$25 premium
📍 India: $8 discount
📍 Hong Kong: Selling at market price
📍 Japan: Almost no premium
❓ What Next?
Will September wedding season revive India’s demand?
Can gold hold above $3,300?
(Refresh for live gold price updates from Reuters)
💬 Your Take:
Smart to buy gold now or wait for bigger drop?
👉 Comment below!