"Traders priced in for 45 kg of gold from the morning, but no one is rushing in to buy," said a dealer with a state-run, bullion-importing bank in Mumbai. "There is a strong support at $1,414 (an ounce), which traders are eyeing," said the dealer.Buying wasn't helped by a weakening rupee, which eased back after several days of gains.
Monday, March 28, 2011
Indian Physical Gold Buying Tepid
According to a Reuters report webbed by the Economic Times, gold buying by traders is picking up but not by any great amount.
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