Buying Coming Back In Indian Gold Market

Although it picked up in part due to seasonal pressures, lower prices did help get the volume up in the Indian bullion market. According to a report by the Economic Times:

"As prices fell to attractive levels, buying resumed...also there is not much time left before the wedding buying starts," said a dealer at a private bank, which deals in bullion.

This may be the beginning of an all-out buying revival if prices stay low. Inventories have to run out sometime...