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Gold buying picks up in India on low prices


By Rajendra Jadhav and Apeksha NairMUMBAI/BENGALURU (Reuters) - Demand for physical gold in India picked up this week as prices fell to a five-month low, but buyers in other major centres in Asia awaited a bigger correction before placing orders, traders and analysts said."In last few days the rupee and international prices are moving in favour of buyers. Jewellers are placing orders," said a Mumbai-based dealer with a private gold-importing bank.The rupee rose to its highest in a fortnight on Friday, rebounding from last month's record low. In the Indian market, gold futures were trading ...

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First Published: Fri, July 13 2018. 16:01 IST