Feb 6 (Reuters) - Gold premiums in India more than halved from decadal highs this week as price volatility deterred buyers, while a pullback from record prices lifted demand in China ahead of the Lunar New Year.

In 2023, the global primary platinum and secondary platinum supply will account for 78.3% and 21.7% respectively.

With the strong rise in international gold prices since March, gold jewellery, gold bars, gold stocks, gold ETFs as well as gold futures have caught a lot of limelight of investors, according to China Securities Journal.

Platinum demand is expected to grow 24% this year, the WPIC said.

Gold prices in India soared to record highs, dampening demand prospects in the world's second-largest gold consumer.

Silver prices edged up today, with the spread of spot market quotations continuing to widen. In Shanghai, suppliers held prices firm with TD premiums at 1,700-1,800 yuan/kg and were reluctant to sell, while some traders slightly lowered premiums to 1,500 yuan/kg for inventory clearance ahead of the holiday due to concerns such as potential post-holiday declines in spot premiums. It is understood that consumption in the Shenzhen market improved slightly compared to earlier, with some downstream enterprises and jewelers purchasing silver ingot raw materials to ensure normal production during the Chinese New Year holiday due to special reasons such as rush orders and delivery deadlines. The Chinese New Year holiday atmosphere remains strong, with a significant reduction in supplier quotations and an overall slowdown in actual market transactions.

Central banks and other institutions bought 228 mt of gold in the first quarter of 2023, up 176% year-on-year, according to the World Gold Council.

According to the Global Gold Demand Trend Report by the World Gold Council on May 5, China's gold jewelry consumption totalled 198 mt in the first quarter of 2023, an increase of 11% year-on-year and a quarter-on-quarter increase of 56%, which is the strongest performance in the first quarter of gold jewelry demand since 2015.

In 2023, the total global demand for platinum will be 7,770 koz. The demand from automobiles will be the largest, accounting for 2,975 koz or 38.3%, mainly used in the production of automotive catalysts.

According to SMM forecast, the total global demand for platinum in 2023 will be 7,770 koz, with a shortfall of 304 koz.