Lower Prices Fail to Attract India Gold Buyers

Reuters reported that despite a global gold price drop and a stronger rupee, India gold demand stayed subdued.

As quoted in the market news:

Gold demand in India is likely to moderate in 2012 as higher inflation trims disposable income at a time prices are stubbornly high on a weak rupee, the head of the World Gold Council in the country said earlier this month.

Click here to read the full Reuters report.