Indian Bargain-Hunting Evaporates Temprarily As Lower Prices Sought

According to the Economic Times, new Indian bargain hunting has not kicked in because the decline has buyers waiting for further drops.

"We had [a lot] of orders between $1,125-1,132 (an ounce), which got filled yesterday, there is nothing today though," said a dealer with a state-run bullion dealing bank.

An unnamed dealer at another institution is quoted as saying that he has orders at around $1,115.