Gold recycling gained pace in India as consumers preferred to cash in on prices at a week high, which deterred physical traders from placing fresh orders as wedding buying tapered off. * Gold has gained 13 percent since October, with 30,000 rupees acting as a ceiling. The active February gold on the Multi Commodity Exchange hit a week's high of 29,344 rupees, before trading 0.27 percent higher at 29,325 rupees per 10 grams at 2:13 p.m. * "There is no investment demand as well. In fact, people are selling coins, bars and jewellery," said Prithviraj Kothari, president of the Bombay Bullion Association, a trade body, adding "demand is slow as people don't have money and inflation is high and they don't have savings."

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