Under normal circumstances, the festival rings in robust demand.

Few Indians were buying gold on online platforms as stores were closed, said Ketan Kothari, director at bullion dealer Augmont.

Meanwhile, the Bangladesh Jewellers Association raised local rates on all types of gold this week, tracking international markets, with the best quality gold priced at 71,442 taka ($842.2) per Bhori, or 11.664 grams.

The association also said there was a supply shortage due to tax-related complexities on imports and a shutdown of international flights.

In China, premiums of $7.5-$10 an ounce were charged over benchmark spot gold prices, little changed from last week's $7-$10.

"We've seen diminishing demand mostly due to the strength in the renminbi. I don't think the current range will trigger a buying spree or dishoarding," said Bernard Sin, regional director for Greater China at MKS Switzerland.

In Hong Kong, premiums of $1.8-$2 were charged versus $0.8-$1.8 last week.

In Singapore, premiums eased to $1.3-$1.9 from $1.5-$2 a week ago, with higher prices prompting some investors to sell the metal, a dealer said.

In Japan, gold was sold at flat to a $0.50 premium.

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