"Now the prices are near 19,000 [rupees per 10 g]. Sentimentally, this scares demand. There is little activity today," said a Mumbai-based dealer with a private bank.
Demand might pick up as prices stay low, but so far there's no sign of it.
Tuesday, June 29, 2010
Indian Gold Demand Still In The Doldrums
According to a report by the Economic Times, gold demand is still weak in part because of the season but also because of continuing high prices.
Demand might pick up as prices stay low, but so far there's no sign of it.
Demand might pick up as prices stay low, but so far there's no sign of it.
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