Indian gold dealers offered discounts of up to $61 per ounce, down from $75 last week, over official domestic rates. The prices include 6% import duty and 3% sales tax.
Gold spot prices fluctuated between $4,100 and $4,600 per ounce. A stronger dollar and rising predictions of aggressive U.S. monetary policy pushed prices to a four-month low of $4,097.99 on Monday.

Gold prices in India reached 141,000 rupees per 10 kilos on Friday, following jumping to 169,880 rupees earlier this month.

The currency and worldwide price volatility delayed jewellers from making acquisitions till the end of the financial year, according to a Mumbai-based private bank dealer.

Gold prices in Singapore ranged from $0.50 to $3.50 an ounce.

Although global headwinds affect gold prices, China’s resilience is maintained by policy, cultural demand, and structural supply limits.

In Hong Kong, real gold traded at $1.90 premiums, but in Japan, it was sold at spot prices. Falling prices are boosting demand in gold. A Kolkata jeweller said costs are still high compared to last year, therefore clients are delaying purchases in anticipation of a bigger drop.