Tuesday, April 26, 2011

Indian Physical Gold Demand Ramps Up After Decline

According to a Reuters report webbed by the Economic Times, gold's tumble last night jacked up demand from traders.
"We have done good sales from morning. I covered for 150 kgs at $1,498-1,504 (an ounce)," said a dealer with a state-run bank in Mumbai, adding "I have plenty of enquiries for silver as well."
A weakened rupee, though, made for less of a bargain.

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