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Gold buyers stay away as prices rise

Gold buyers stay away as prices rise
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First Published: Fri, Mar 26 2010. 03 27 PM IST
Updated: Fri, Mar 26 2010. 03 28 PM IST
Mumbai: India physical gold buyers stayed away on Friday, as some demand in the previous session pushed prices about 2% higher, dealers said.
“Buying is very price sensitive this time..there is demand but people are very cautious,” said a dealer at a private bank, which deals in bullion.
International gold rose back towards $1,100 an ounce in Europe on Friday as news that European Union leaders had agreed a plan to aid debt-laden Greece lifted the euro and appetite for assets seen as higher risk, such as commodities.
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First Published: Fri, Mar 26 2010. 03 27 PM IST
More Topics: Markets | India | Commodity | Bullion | Dollar |