India gold futures may ease from record

24 November 2009  Reuters

Reuters Logo image

Gold eased from their record highs on Tuesday, triggering a slight pick-up in wholesale demand in the middle of wedding season, but a weaker rupee weighed on traders' sentiment, dealers said.

"Since gold touched a high of about $1,173 (an ounce) and now it is at about $1,155, therefore some wedding buyers are there... I managed filling-up 40 kgs of orders since morning," said a dealer with a state-run bullion dealing bank.

International spot gold eased from their record high to trade at $1,165.10/1,165.95 an ounce, after touching a new all-time high of $1,173.50 in the previous session.

http://in.reuters.com/article/businessNews/idINIndia-44189220091124