Higher prices dent gold demand in Asia; China premiums rise

In top consumer China, premiums were around $10 to $12 per ounce against the international benchmark, up from last week's to $8 to $10.

Premiums in China had risen early this month as traders said supplies of the precious metal were limited due to tightening import restrictions to stem currency outflows.

Higher prices dent gold demand in Asia; China premiums rise