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RTRS:Asia Gold-Buyers rush in on price dip; econ fears linger
 
* Spot gold pulls back from record high; buying robust

* India yet to make bulk purchase for wedding season

By Rujun Shen

SINGAPORE, Aug 24 (Reuters) - Gold buyers rushed into Asia's physical market on Wednesday, after prices retreated from the record high hit in the previous session, as investors maintained interest in bullion due to a shaky global growth outlook.

Spot gold tumbled 3.6 percent on Tuesday after striking a record above $1,911 an ounce. Prices rebounded as buyers picked bargains, trading up 0.7 percent to $1,841.79 by 0701 GMT.

Dealers saw a flood of orders after Asia opened business on Wednesday.

"Everyone is hunting for physical gold now," said a Singapore-based bullion dealer, adding that physical gold buying continued even when prices hit records in the past few sessions.

Premium on gold bars in Singapore steadied at 40 to 80 cents an ounce above spot prices, she said.

Some analysts have been warning about an overdue correction in gold prices, but the pessimistic macro environment has encouraged more investors to look into gold as an alternative investment.

Source