Wednesday, April 13, 2011

Indian Physical Gold Demand Weakens As Prices Recover

According to a Reuters report webbed by the Economic Times, demand from jewelers was weak and other demand wasn't that evident.
"Demand was very weak for jewellery. There was some buying happening in bars and coins segment, but most people were waiting for a significant correction," said a Mumbai-based dealer.
The rupee weakened, making gold more expensive for those buyers.

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