"It is very dull today, even rupee is not in a supporting mode," said a dealer with a state-run bank in Mumbai. A weak rupee makes the dollar-quoted asset expensive....
"I have advanced orders below $1,205 (an ounce)," said another dealer with a private bank.
Wednesday, June 2, 2010
Indian Gold Demand Remains Soft As Prices Make New Record
According to a report by the Economic Times, Indian gold buying has remained weak as the price comes off a new record high in rupees.