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Indian Buyer Appetite for Silver Slides, Despite Low Prices
Jun. 07, 2013 05:11AM PST
Silver Investing
Mineweb reported that, despite a slide in silver prices, Indian buyers are refraining from purchase.
Mineweb reported that, despite a slide in silver prices, Indian buyers are refraining from purchase.
As quoted in the market report:
There has been a 30% fall in the price of silver. This should have got more buyers walking in eager to make a beeline for the metal. But that does not seem to be happening. Despite the meltdown in silver, consumers are going in for gold,” said Rohit Arora, bullion trader.