17
August
India gold buying picks up as prices fall
17 August 2009 Reuters
India gold demand picked up slightly as prices fell for a second day on Monday as traders continued to replenish stocks to meet festive demand, dealers said.
"We did a few deals since morning, but dollar/rupee is not acting in favour," said a dealer with a private bank in Mumbai.
The most-active October gold contract MAUV9 was 0.36 percent lower at 14,841 rupees per 10 grams at 2:05 p.m., extending Friday's fall of 0.3 percent.
http://in.reuters.com/article/domesticNews/idINBOM39780620090817
