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Lower prices nudge gold demand; Indian buyers stay off

Reuters  |  BENGALURU/MUMBAI 

By Vijaykumar Vedala and Rajendra JadhavBENGALURU/MUMBAI (Reuters) - Asia gold demand ticked up this week as global prices came off seven-month highs, while Indian buyers stayed on the sidelines waiting for further price drops in the absence of fresh triggers to stoke purchases. "Demand has picked up in Asia compared to last week. There were some purchases especially in the latter half of the week after the U.S. Federal Reserve policy meeting when gold prices fell," a physical dealer with a Singapore-based bank said.Spot gold has fallen more than 3 percent from a seven-month peak of $1,295.97 ...

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First Published: Fri, June 16 2017. 15:58 IST
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