Thursday, July 1, 2010

Indian Gold Buying Still Quiet

According to a report by the Economic Times, a weaker rupee contributed to damping demand.
"It's very quiet since last week as June and July are traditionally quiet months," said a dealer with a state-run bullion dealing bank in Mumbai.

"I have a few orders below $1,230 (an ounce)," said another dealer with a private bank.

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