India gold demand sluggish as rupee weakens
India gold demand remained sluggish on Monday as the rupee weakened, making the dollar-quoted asset expensive, ahead of an inauspicious period to buy the yellow metal, dealers said.
India gold buying remained slack for a second day in a row on Thursday afternoon as traders waited for price dips to stock up for the wedding season, and a weaker rupee also weighed on sentiment, dealers said.