"Demand is quiet good as prices are steady near 14,000 (rupees)," said a dealer with a state-run bank in Mumbai. "We have sold around 60-70 kgs
The most-traded June contract was 0.25 percent higher at 14,065 rupees per 10 grams at 1:37 p.m. Gold prices are about 12.5 percent lower than the all-time high of 16,040 rupees struck on Feb. 20.
"Last week, we sold around 600-700 kgs of gold, though volume-wise it is less than what it was last year," added the dealer.
A further fall in prices could spur more demand, dealers said.
If gold falls to 13,400-13,500 (rupees), then there could be more demand, said a dealer with a private bank in Mumbai.
According to the World Gold Council, India is said to have consumed 48.99 tonnes of the yellow metal last year during Akshaya Tritiya.
Akshaya Tritiya, which falls on April 27, is the second-most auspicious day to buy gold after Dhanteras.
