India gold demand sluggish, traders eye fall

14 September 2009  Reuters

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India's physical gold demand remained sluggish on Monday as traders were reluctant to enter into fresh deals as the yellow metal hovered near the keenly-watched $1,000-an-ounce mark, dealers said.

"We are not getting good response at $1,000 (an ounce). There are enquiries, but nothing is materialising," said Pinakin Vyas, chief manager-treasury, IndusInd Bank, in Mumbai.

http://in.reuters.com/article/businessNews/idINIndia-42434620090914