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Indian gold traders stay away from new deals
India's gold traders refrained from placing fresh deals on Tuesday, expecting more price falls, dealers said.
India's gold traders refrained from placing fresh deals on Tuesday, expecting more price falls, dealers said.
* The most-active gold for April delivery on the Multi Commodity Exchange (MCX) was 0.08% lower at Rs 27,914 per 10 grams.
* "Demand is still zero as prices are still a little bit higher," said Haresh Acharya, head of bullion desk at Parker Bullion in Ahmedabad.
* A stronger rupee also weighed, as it plays a key role in determining the landed cost of the dollar-quoted yellow metal.
* Silver too fell on Tuesday, with March delivery on the MCX down 0.56% at Rs 56,109 per kg.
* At 1:15 p.m, the following were the prices in rupees being quoted by the Corporation Bank in the spot market:
