Friday, May 27, 2011

Indian Physical Gold Demand Weak For Yet Another Day

According to a Reuters India report, Indian gold demand remained weak as wedding season moves to a close.
"Households are not buying, while jewellers were waiting for correction," said a Mumbai-based dealers with a private bank dealing in bullion. "For the last few days trading activity has gone down and it seems it will remain like that for next week."
A strengthening rupee, which eases prices for buyers, didn't help.

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