MUMBAI (Reuters) - India's gold demand remained low on Friday as buyers who had stocked up earlier awaited for major declines in prices, dealers said.
"We have seen just a little bit of buying happening today," said a dealer with a private-sector bank in Mumbai.
Foreign gold, that guides the local market, was steady on Friday, with a slightly firmer dollar keeping a lid on gains, as traders took to the sidelines ahead of U.S. non-farm payrolls data to be released later in the session.
"We are seeing a slowdown in bullion sales at the retail level and may revive only if prices move to around 11,400 rupees level," said Ajay Singh, propreitor of Kiran Jewellers, a Jaipur-based bullion trading house.
The benchmark February gold is still around 900 rupees higher than its contract low of 11,411 rupees per 10 grams.
