"Good fall has led to good demand... there were deals at all levels be it $1,200/1,190/1,186 (an ounce)," said a dealer with a private bank in Mumbai, which deals in bullion....Sentiment, though, has been dampened somewhat by a weaker rupee.
"My order sheet is showing advance orders below $1,185," said another dealer from a state-run bullion dealing bank.
Monday, July 19, 2010
Indian Gold Buying Strengthens On Lower Prices
According to a report by the Economic Times, there was a fair bit of buying due to gold prices dropping below $1,200.