Gold traders in India refrained from placing new orders as prices steadied near their two-week high, and premiums also came off from their highest level in more than 2 years
Gold traders in India, the world's biggest buyer of the metal, continued to pick up bargains for a second consecutive week fearing further price rise.
An 11 percent slump in
Indian gold futures edged lower on Wednesday, near their lowest level in more than 19 months, on losses in the global markets and a stronger rupee, triggering bargain buying among
Falling for the third straight session, gold prices today slipped below the Rs 27,000 level as it crashed by a whopping Rs 1,160 to Rs 26,440 per 10 grams in
India's gold imports have fallen nearly 24 percent in the first quarter and probably dropped at the same pace in April, the head of a major trade body said on
Country's largest private sector lender ICICI Bank will auction this month gold jewellery weighing over 11 kg, pledged by more than 150 borrowers, who have defaulted on their payments.
Gold fell to its lowest level in a week on follow-through selling on Thursday, a day after Cyprus was forced to sell most of its gold reserves, though the physical
Gold futures traded steady on Tuesday in line with global markets, with traders looking for bargains as weddings and festivals neared.
At 3:51 p
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