There wasn't any change in buyers' perception. They were waiting for a correction in prices," said Ghanshyam Nichani of Dhanraj Jewellers based in Mumbai. "Wedding season wasn't enough to lift demand."A weakened rupee didn't help new buyers' sentiment, although it was good for people who had already bought.
Monday, May 16, 2011
Indian Physical Gold Demand Remains Weak
According to a Reuters report webbed by the Economic Times, demand was weak because traders are expecting a fall in the price.
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