China gold premiums hit near 3-year high; India premiums drop on subdued demand

Gold premiums in top consumer China jumped to the highest in nearly three years this week on worries over a supply shortage that traders said were due to Beijing's efforts to restrict import licenses.

Gold premiums in China against the international benchmark rose to about $25 an ounce this week, the highest since January 2014, compared with a premium of $10 last week, according to Thomson Reuters data

China gold premiums hit near 3-year high; India premiums drop on subdued demand