India Gold Demand Stays Weak for Fifth Day

- May 27th, 2011

Reuters reported that spot demand for gold in India was weak for the fifth consecutive day.

Reuters reported that spot demand for gold in India was weak for the fifth consecutive day.

The market news is quoted as saying:

“Households are not buying, while jewellers were waiting for correction,” said a Mumbai-based dealers with a private bank dealing in bullion. “For the last few days trading activity has gone down and it seems it will remain like that for next week.”

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