Thursday, May 12, 2011

Indian Physical Gold Demand Still Weak As Traders Await Price Falls

According to a Reuters report webbed by the Economic Times, traders didn't buy much gold because they're awaiting further drops.
"Today, deals are a bit on the lower side... I have many orders below 21,000 rupees," said a dealer with a state-run, bullion-importing bank in Mumbai.

Given what gold went through earlier this morning, they might get their wish.

No comments:

Post a Comment