India Gold Extends Losses; Traders Stay Away

Reuters Africa reported that India gold lost Wednesday due to the strong rupee and weaker overseas markets.

The market news is quoted as saying:

Overseas gold tracked oil lower and was under pressure from firmer equities, but bargain hunting from jewellers as well as worries that violence in Libya and the Middle East would spread could offer support for the metal, which has dropped from a lifetime high.

To read the full market news, click here.