Rush of buyers raises premium on gold bars

Rush of buyers raises premium on gold bars

The premium rose to HK$250 yesterday, up from a more usual premium of HK$100 in typical trade, pushing up gold bar prices to HK$13,400 per tael, according to Kwong Dak-shing, general manager of the gold brokerage firm Kaiser Financial Service.
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PRECIOUS-Gold gives up early gains, off 1-week high

Gold has dropped around 15 percent this year. U.S. gold futures for June delivery stood at $1,415.40 an ounce, down $5.80. But the recent sharp drop in prices and an uneven rebound has attracted buying interest in Asia, sending premiums for gold bars …
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Indian Gold Premiums Hit Records After Price Rout

NEW DELHI—Indians are scooping up every last gold bar they can lay their hands on in the wake of a precipitous plunge in international prices, severely curtailing availability and driving premiums to record levels. Indian retailers are paying premiums …
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