Gold sales dip as prices fluctuate

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Rajkot, April 05, 2008 : The demand for gold in India has hit an all time low following the heavy fluctuation in prices of the yellow metal during the last fortnight.

According to dealers and traders buying interest was down after buyers stocked up for near term needs following a sharp dip from lifetime highs last week. India's gold futures were down on Friday tracking foreign markets that held near the psychological douler 900-an-ounce level. Foreign gold, that guides the local market, rose marginally as it awaited cues from the employment report that is expected to show the economy shed jobs.

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