India's gold buyers stayed away from making fresh purchases on Thursday eyeing falls as local prices struck an all-time high, traders and dealers said.
"Gold buyers are not forthcoming...I can only sit and wait for my customers," said Daman Prakash, director with MNC Bullion, a Chennai-based large wholesaler.
"Even though we are in the midst of a wedding season... gold demand is not even trickling in," said Prakash. "I am stuck with my gold and silver stocks since mid-December," said Prakash, adding "even the money at the hands of people is less."
Traders said other wholesalers are still stuck with the stock, which they had purchased from August to November.
