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Despite gold demand creeps up in top hubs, jewellers offer discounts

Physical gold demand crept up this week in top hubs in India and China though dealers were still forced to offer discounts, while businesses limped back to life in India as some Covid-19 restrictions were eased. Some states have begun easing restrictions as infection cases abate. Mukesh Kothari, director at Mumbai bullion dealer RiddiSiddhi Bullions, said slowly, businesses are opening up in a few states. As new coronavirus cases are falling, expectations are most states will ease restrictions in the next few weeks, he added.

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