Monday, May 3, 2010

Indian Wholesale Gold Demand Still Tepid

Acording to a report by the Economic Times, weak demand is now entering its second week.
"The dealing room is quiet today like it was for many days. There were a couple of deals here and there but nothing to write home about," said a dealer with a state-run bullion dealing bank in Mumbai.
A weakening rupee added to higher gold prices in draining demand

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