MC:India's gold buying stays weak as prices hit two month high
Gold demand stayed weak in India, the world's top buyer of the yellow metal, as prices touched a near two-month high.
* At 3:26 p.m., the most-active gold for April delivery on the Multi Commodity Exchange (MCX) was trading 0.17% higher at Rs 28,422 per 10 grams, after rising as much as Rs 28,429, a level last seen on December 14.
* "Buying is slightly subdued on current levels," said a dealer with a bullion importing private bank in Mumbai.
* There was good demand below Rs 28,000 level, the dealer said.
* A stronger rupee kept the upside in prices limited. The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal.
* Silver too extended gains to a two-month high.
* Silver for March delivery on the MCX was 0.72% higher at Rs 57,678 per kg, after hitting Rs 57,777, its highest level in two months.
* At 1:15 p.m., the following were the prices in rupees being quoted by the HDFC Bank in the spot market:
