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Informist, Friday, Feb. 27, 2026

NEW DELHI – India's physical gold demand has been subdued at higher price levels as reflected by the discounts offered in the country, Commerzbank said in a report. "Traders there (in India) had to offer discounts of up to USD 65 per troy ounce on the official price this week, which was last the case 10 months ago. A week ago, these discounts were still at USD 18," the bank said. 

However, physical demand was strong in several other Asian markets. In China, gold was trading at a premium of $12-$13 per troy ounce above global prices this week, likely supported by strong demand after the Lunar New Year holidays. Similar premiums were also reported in Singapore and Hong Kong. In contrast, gold was trading at a discount in Japan. 

Though global gold prices have stabilised in recent days at around $5,200 per troy ounce after a period of high volatility, geopolitical tensions continue to support the safe-haven asset. Uncertainties around US tariff policy following the US Supreme Court ruling last week are also supporting prices. At 1905 IST, the most-active April gold contract on the COMEX was up 1% at $5,236.2 per ounce.  End

US$1 = INR 90.97

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Reported by Afra Abubacker

Edited by Akul Nishant Akhoury

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