Gold demand ticks up ahead of festive season

Demand for gold 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 futures in India, the biggest bullion consumer after China, were trading around Rs 38,504 per 10 grams on Friday, easing from a record high of Rs 39,885 touched on Wednesday.

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