Monday, February 21, 2011

Indian Physical Gold Buyers Pull Back

According to a Reuters report webbed by the Economic Times, continued gains have pushed buyers to the sidelines.
"There are a few deals, but nothing substantial to write home about. I covered for 200 kgs below $1,385 on Friday," said a dealer with a state-run bank in Mumbai, which imports bullion.
A stonger rupee kept price rises limited in India, but they've still taken their toll on buying.

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