India gold demand remained weak for a second day on Tuesday as prices stayed above $1,100 an ounce levels, reversing last week's pick-up in purchases, dealers said.
"There are no buyers after the overnight jump in prices... I did a few deals $1,100 (an ounce)," said a dealer with a state-run, bullion-dealing bank in Mumbai....
That source of demand was a real help with staunching the decline last week; if gold consolidates at these levels, there won't be any further help from the Indian market this week.
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As a person who is very much concern about my gold investments, it is always important to seek updates about world's economic and gold conditions. So, thank you for letting us know about this.
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