Indian Buying Still Weak

Even with the strong rupee, there wasn't much gold buying in India as potential purchasers wait for dips:

"There were a few stray deals, when rupee was strong, but in all it is very dull today," said a dealer with a state-run bullion dealing bank....

"My order sheet is evenly spread-out, I have some below $1,130 (an ounce)," said another dealer with a private bank....

Given gold's action recently, they may get their opportunity.