SINGAPORE (Reuters) –
Premiums for gold bars hit a record high in Asia on Wednesday as lower spot prices lured more buyers, mainly in China, the world’s second biggest consumer of the precious metal, amid tight physical supplies.
KILO BARS SCARCE IN SINGAPORE
“Currently, there are no kilo bars in the market,” said Brian Lan, managing director of GoldSilver Central Pte Ltd in Singapore, adding that 100-gram bars were also in short supply.
….Chinese gold imports are likely to swell further, after more than doubling to an all-time high in March, the China Gold Association said this month.
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