|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
Gold traders in India, the world's biggest buyer of the metal, stayed on the sidelines in a seasonally weak demand period, while prices remained steady near their highest level in a week.
Gold imports into India declined about 81 percent on month to 31.5 tonnes in June after the government raised import duty and stopped consignment imports, but demand could rise in the coming months, creating problems for a government battling a record high trade deficit.
"Supply and demand have slowed and will remain the same way for another 15 days," said Suresh Jain, proprietor with wholesaler SJ Jain Jewellers in Mumbai, adding demand will revive partially in the first week of August, when festival season starts.