Monday, January 17, 2011

Indian Physical Gold Demand Still Strengthening

According to a report by the Economic Times, Indian gold demand has picked up further due to traders stocking up for the wedding season.
"Buying was very good last week, and expected to go up as all traders are gearing-up for weddings," said an official with a foreign bank, which supplies precious metals to India.
The drop in gold was mitigated somewhat by a weakening rupee.

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