Gold Prices May Drop if Physical Buying Slows

Bloomberg reported that gold prices are expected to fall if investors purchase less physical gold.

As quoted in the market news:

About 90 percent of jewelry stores across India were shut today, said Bachhraj Bamalwa, the federation’s chairman. Bullion imports in March may have dropped to 15 metric tons to 20 tons, from 75 tons to 80 tons a year ago, the Bombay Bullion Association said yesterday.

Click here to read the full Bloomberg report.