Thursday, June 24, 2010

Some Indian Gold Buying, But Not Much

According to a Moneycontrol.com report, Indian gold buying sunk after a pick-up yesterday because more price drops are being awaited. A weaker rupee also had an influence.
"There is not much business today as market is very steady and everyone wants a fall," said a dealer with a state-run bullion dealing bank....

"There were deals yesterday, we booked about 150 kgs in between USD 1,227/1,229 (an ounce)," said another dealer with a private bank.

Bank dealers said a weaker rupee kept the downside in gold prices restricted.

2 comments:

  1. Bullion Exchanges is a well known Bullion Shop established in the heart of New York City's Diamond District.

    Bullion Exchanges have a massive selection of products like, precious metals that range from the gold & silver to platinum and palladium.

    Bullion Exchanges are offering an enormous selection of products appealing to first time buyers and the experienced investors.

    ReplyDelete
  2. eToro is the ultimate forex trading platform for newbie and full-time traders.

    ReplyDelete