ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Commodities

Asia's retail gold demand sinks as price hits 9-year high

As 1 ounce nears its record of $1,923, retailing in India and China proves tough

In India and China, retail demand for gold jewelry has fallen as shoppers stay home due to the coronavirus pandemic.   © Reuters

TOKYO/NEW DELHI/SHANGHAI -- As global gold prices near record levels, pushed higher by investors looking for a safe haven amid the novel coronavirus pandemic, Asia's retail demand for physical gold has taken a beating.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more