India's gold demand continued to remain weak on Thursday as prices ruled above the psychological 14,000-rupees-mark, with buyers awaiting a price fall, dealers and traders said. "There is no much demand... there is a huge disparity of 350 rupees between the local and bank gold," said Mayank Khemka, managing director, with Khemka International in Delhi. Stocks would last for another month and after that traders would have to buy the yellow metal, Khemka said. The benchmark April contract extended gains for a second day and traded at 14,194 rupees per 10 grams at 2:40 p.m., after gaining 0.5 percent in the last session. Traders said a price dip below 13,000 rupees would result in some demand and a correction below 12,500 rupees could witness 'good demand.' "Silver demand is also weak and there is disparity of around 600-700 rupees between bank and local silver," Khemka added. "The (buying) activity is limited as prices are high," said Pinakin Vyaas, chief manager-treasury with IndusInd Bank, adding physical scrap selling is too high.

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