India, the world's biggest buyer of gold, today saw subdued demand. However, Reena Walia, senior research analyst of international commodities at Angel Broking expects the overall gold prices to cut due to the downside pressure.
From the precious metal space, international gold prices fell 4.8% in September followed by a rally in dollar. Kunal Shah, research head of commodities at Nirmal Bang Commodities feels that the gold prices might witness an upmove in one-two day.