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gold-investing

Lower Rupee Hurts Demand for Gold

Investing News Network
May. 22, 2012 11:59AM PST
Precious Metals Investing

Reuters reported that India gold demand fell as a lower rupee increased the cost of imports.

Reuters reported that India gold demand fell as a lower rupee increased the cost of imports.

As quoted in the market news:

The most-active gold for June delivery on the Multi Commodity Exchange (MCX) was up 0.13 percent at 29,072 rupees by 5:37 p.m.

Click here to read the full Reuters report.

india gold-investing
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