Indian Gold Buyer Still Skittish

According to a report by the Economic Times, the resurgence in Asian physical demand hasn't penetrated into the Indian wholesale bullion market.

"Buying is very price sensitive this time..there is demand but people are very cautious," said a dealer at a private bank, which deals in bullion.

It remains to be seen if this reluctance will reverse; most likely, barring currency influence, it would if gold prices stay steady.