RTRS: India gold demand remains dull; buyers eye falls
(Updates to trends in the physical market)
* Spot gold up at $970.20 an ounce
* London Brent crude up at $66.99 a barrel LCOc1
* Rupee weak at 47.12 per dollar
* U.S. weekly jobless claims at 1230 GMT [MI/DIARY]
MUMBAI, June 4 (Reuters) - India's gold demand remained dull on Thursday, with most traders staying on the sidelines unwilling to take new positions anticipating falls ahead, dealers said.
"There haven't been any deals since morning even though we are in wedding season," said a dealer with a private bank in Mumbai. India's wedding season lasts till June-end.
Dealers hope that a drop in prices could rekindle buying interest, but expect the volume of business to be thin as traders are still stuck with old inventory, bought in early May, when prices ruled near 14,000 rupees per 10 grams.
"We could see some activity if prices fall to around $960 (an ounce)," said another dealer with a state-run bank.
