Monday, March 7, 2011

Indian Physical Gold Buying Fades On Weaker Rupee, Stonger Gold

According to a Reuters report webbed by the Economic Times, traders shied away from buying gold as they await bargains.
"There are not many deals, even rupee is not supportive," said a dealer with a state-run bullion importing bank.
The rupee fell on higher oil prices and a weaker stock market.

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