{
  "id": 13065427,
  "title": "Gold demand drops in India as prices rebound",
  "url": "https://urgent.news/2026/10/09/gold-demand-drops-in-india-as-prices-rebound",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T07:38:05.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/gold/gold-demand-drops-in-india-as-prices-rebound/article71563050.ece"
  },
  "original_language": "en",
  "account": "Gold demand in India slowed this week as prices rose, while China's trading was quiet during its holiday-shortened period. Indian gold prices hovered around ₹150,900 ($1,561.87) per 10 grams on Friday, down from last week's ₹145,538, the lowest in nearly two months. Consumers are price-sensitive; they pause buying when prices increase, an Ahmedabad jeweller explained. Dealers offered up to a $6 discount per ounce over domestic prices this week, compared to $14 last week due to reduced imports and levies. If investment demand rises during festivals like Dussehra and Diwali, the market may shift to a premium, a Mumbai dealer said. Indians celebrate Dussehra in October and Diwali in early November, considering gold purchases auspicious. In China, gold traded at a $10 premium to the global benchmark price after reopening markets on Thursday. While market activity remained subdued, a premium indicated underlying physical buying interest, said MKS PAMP's regional director in China. International gold prices rebounded over 1 percent, after touching a two-month low earlier in the week. Singapore saw gold trade between a 50-cent and $1.50 premium, while Hong Kong traded flat-to-$1 premium. In Japan, gold trades saw a 50-cent discount to premium. Profit sellers dominated the week, according to a Tokyo trader.",
  "summary": "Consumers are waiting for correction, Indian jeweller says",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}