Oil boosts gold demand
Mumbai, July 21: India?s gold prices were higher on Monday as rising crude oil boosted the metal?s safe haven appeal, but local traders stayed away from the market in the lean season, dealers said.
"It is a very quiet market buyers are waiting for lower prices, while sellers are waiting for much higher prices," said Mr Kapilkumar of Chokshi Arvind Jewellers, a prominent trader in Mumbai?s Zaveri Bazar. Foreign gold, that guides the loca...
7/21/2008 6:17:47 PM
Business
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