TI:Gold demand stays weak, prices near 2-month high
MUMBAI: Gold traders stayed on the sidelines as prices hovered near their highest level in two months due to firm overseas markets and a weaker rupee.
The most-active gold for June delivery on the Multi Commodity Exchange (MCX) was 0.24 per cent higher at Rs 28,908 per 10 grams, after hitting a near two-month high of Rs 28,925.
"It (gold sales) has been quite low since last one month, and continuing even after Akshaya Tritiya," said a dealer with a private bullion importing bank in Mumbai.
