MUMBAI, March 30 (Reuters) - India's physical gold prices were trading in a narrow range on Tuesday on cautious buying, dealers said.
Traders expect prices to fall to 16,000 levels before buying resumes.
"Now buyers have become cautious again...but some more demand will be seen in the near future as wedding-related buying will be there," said a dealer at a private bank, which deals in bullion.
India will witness a two-month-long wedding season begining from April.
International gold inched up in thin trade on Tuesday as the euro held firm against the U.S. dollar, but the metal was stuck in a familiar range as it struggled to clear a recent high above $1,130 an ounce. See [ID:nSGE62T08P]
According to Bombay Bullion Association, prices of gold (0.999 purity) were down 25 rupees to 16,440 rupees per 10 gm.
Following were prices in rupees on the Multi Commodity Exchange of India Ltd. at 4:18 p.m. <0#MAU:>:
Apr gold 16,382 +62 May silver 26,936 +32
(Reporting by Sourav Mishra; Editing by Sunil Nair)
