Despite Fall, Indian Stockists Buying Up

According to a report by the Economic Times, gold buying by stockists is strengthening a little in the face of falling prices.

"I booked for 300 kg from two days, but today there are only a few buyers, a fall to $1,360 (an ounce) could trigger some recovery," said a dealer with a state-run bullion importing bank.

Demand was helped by a weak rupee.