MUMBAI, April 20 (Reuters) - India gold demand remained slack for a second day on Tuesday as prices bounced from their two-week low, after a slight pick-up in offtake on Friday, dealers said.
"Yesterday, gold sales were dull, and today is no different, Friday we did good bookings, I managed to do about 300 kgs at $1,132-1,136 an ounce," said a dealer with a state-run bullion dealing bank in Mumbai.
International gold, which guides the domestic market, was trading $1,140.95/1,441.75 an ounce as against the previous close of $1,134.60/1,136.60 an ounce.
Gold firmed, bouncing from a two-week low hit in the previous session but investors remained cautious, eyeing the latest on fraud charges against Goldman Sachs, a major player in commodity markets.
While a strong rupee, which makes the dollar-quoted asset cheaper, aided sentiment. The Indian rupee rose after the central bank raised interest rates to fight inflation. [INR/]
Following were the prices being quoted by HDFC Bank in rupees in the spot market at 1:15 p.m. INBULL03:
Tuesday Monday
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Gold .999/10 grams 16,745 16,635
Silver .999/kg 28,080 27,685
Following were prices in rupees on the Multi Commodity Exchange of India Ltd. at 2:26 p.m. <0#MAU:>:
