Indian gold traders stay away from new deals
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India's gold traders refrained from placing fresh deals on Tuesday, expecting more price falls, dealers said.
The most-active gold for April delivery on the Multi Commodity Exchange (MCX) was 0.08 percent lower at 27,914 rupees per 10 grams.
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"Demand is still zero as prices are still a little bit higher," said Haresh Acharya, head of bullion desk at Parker Bullion in Ahmedabad.
A stronger rupee also weighed, as it plays a key role in determining the landed cost of the dollar-quoted yellow metal.
Silver too fell on Tuesday, with March delivery on the MCX down 0.56 percent at 56,109 rupees per kg.
At 1:15 p.m, the following were the prices in rupees being quoted by the Corporation Bank in the spot market:
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