"The good response has been continuing from last week. I sold about 1 tonne of gold last week," said a dealer with a state-run bullion importing bank in Mumbai....The demand was unaffected by thr rupee's fall halting.
"I am expecting good sales to continue today as well at $1,370-1,375 (an ounce)," said the dealer with the state-run bank. Weddings in India, the world's largest consumer of yellow metal, will re-start next month.
Monday, January 10, 2011
Indian Physical Gold Demand Strengthens Up
According to a report by the Economic Times, Indian gold demand is growing stronger as harvest and wedding season approach.