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

Indians and Chinese hang on to their gold as futures prices rise

With futures at six-year high, world's biggest buyers of the metal lose interest

Local gold prices have even become higher as China's yuan and India's rupee weakened. In India, dealers offer a discount of $15 per ounce over official domestic price to jewelers, their primary customers, to boost demand.   © Reuters

TOKYO/NEW DELHI/HONG KONG -- President Donald Trump's latest tariff salvo as well as the first rate cut in the U.S. in more than a decade are conspiring to boost the price of gold futures but dampening demand for physical gold among individuals in Asia.

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