Tuesday, March 8, 2011

Indian Physical Gold Buying Picks Up A Little

According to a Reuters report webbed by the Economic Times, Indian physical gold buyers are stocking up a little more. They're waiting for lower prices, but the wedding season beckons.
"There were deals at $1,428 (an ounce)," said a dealer with state-run bullion dealing bank. "People are still looking for downward pressure in prices to $1,404."

More of them may be bending if that pullback doesn't materialize.

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