Physical gold demand picked up slightly in most Asian hubs this week as a drop in prices spurred some interest, but failed to stoke significant demand as buyers awaited steeper dips.
Burglars have stolen a fully-functional 18-carat gold toilet from Britain's Blenheim Palace, where it had been installed as an art exhibit, police said on Saturday.
Demand for physical bullion was subdued in major Asian hubs this week as high prices dampened consumer interest, although some hefty discounts on offer in India led to a slight uptick in buying ahead of a major festival season.
Gold prices have hit a record high amid a rush for safe haven assets owing to the fears of a recession. Goehring & Rozencwajg, a research firm which focuses on investments in natural resources, says the great gold bull market has begun.
Spot gold was up 0.2% at $1,734.00 per ounce by 03:10 GMT while US gold futures were up 0.1% to $1,731.90.
Spot gold rose 0.4% to $1,750.82 per ounce by 05:42 GMT while US gold futures jumped 1.3% to $1,749.80.
Spot gold was down 0.3% to $1,731.86 per ounce by 03:40 GMT while US gold futures were down 0.1% to $1,731.
Spot gold was down 0.5% at $1,736.71 per ounce by 06:00 GMT while US gold futures were down 0.2% at $1,738.80 per ounce.
Chennai Customs said, “5.55 kg gold worth Rs 2.53 crore and foreign currency worth Rs24 lakhs seized from passengers arriving from and departing to Gulf under Customs Act & Foreign Exchange Management Act (FEMA). Gold concealed in wigs, socks, innerwear, rectum & aircraft. Six Arrested.”