Wednesday, July 7, 2010

Indian Gold Dealers Still Restocking

According to a report by Reuters India, demand for gold at the wholesale level is still strong because of lower prices.
"Southern centres like Chennai, Coimbatore and Kochi are more active than north, we are sufficiently stocked" in case of a surge in demand, said a dealer with a state-run bullion-dealing bank in Mumbai....

"We may have priced in for at least 100 kgs today morning," said another dealer with a private bank.

No comments:

Post a Comment