|Chennai||Rs. 28610.00 (-0.14%)|
|Mumbai||Rs. 29790.00 (1.43%)|
|Delhi||Rs. 28000.00 (-1.93%)|
|Kolkata||Rs. 29360.00 (0.44%)|
|Kerala||Rs. 27650.00 (0.91%)|
|Bangalore||Rs. 28250.00 (0%)|
|Hyderabad||Rs. 28650.00 (0.74%)|
Mumbai: Gold demand in India, the world's biggest buyer of the metal, continued to remain subdued on Friday even as prices hovered near their highest level in two weeks.
Gold imports into India fell 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 coming months, creating problems for a government battling a record high trade deficit.
"There is no demand or supply... no one is buying at these levels," said Suresh Jain, director of Bombay Bullion Association.