RTRS: India gold demand improves on falling prices
MUMBAI (Reuters) - India's gold demand improved on Monday as falling prices attracted buyers during the marriage season, dealers said.
"Demand is quite good due to the marriage season. A fall in prices in the last few days is also attracting retail buyers," said Ashwin Choksi, partner, Jamnadas M. Choksi Jewellers.
Prices of December contract on MCX fell about 1,600 rupees in October.
However, festive demand has come down after Diwali, he said.
People are also buying the yellow metal at lower levels as an investment, which is also pushing up demand, said a dealer with a large private bank.
