Indian Buyers Pulled Back; Futher Declines Were Hoped For

That's according to the Economic Times:

There is not much activity today. I did deals totalling 200 kgs at $1,107-1,110 (an ounce) yesterday evening. They were all wedding buyers," said a dealer with a state-run bank in Mumbai.

Despite the waiting, sentiment was improved by a stronger rupee.


Later, as gold prices firmed up, that improved sentiment helped bring in buyers from "stockists and jewellers driven by higher European [advances]."