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India Gold Rises on Weak Rupee; Spot Demand Stays Poor
Jun. 16, 2011 03:44PM PST
Precious Metals Investing
Reuters reported that Indian gold prices were up despite poor spot demand.
Reuters reported that Indian gold prices were up despite poor spot demand.
The market news is quoted as saying:
“Demand was weak today, but if prices rise by another 400-500 rupees jewellers may start buying,” said a Mumbai-based dealer with a state-run bank dealing in bullion.
