Gold Prices Soar: India Sees Discounts, China Pays Premium Amid Global Tensions

• Indian gold demand plummets due to skyrocketing prices, leading to significant discounts up to $65 per ounce, highest in 10 months.
• Common people in India are postponing gold purchases, impacting the jewelry business even during the wedding season.
• In contrast, China sees a surge in gold demand post-Lunar New Year, with premiums of $12-13 above international prices, as investors seek safe assets.
• Global tensions, including US tariff uncertainty and US-Iran issues, are driving international gold prices up, with banks worldwide investing in gold.
• Gold prices increased over 6% in February, marking the seventh consecutive monthly rise, while other Asian markets like Hong Kong and Singapore also see premiums.