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ET:Indian gold traders stay away from new deals |
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India's gold traders refrained from placing fresh deals on Tuesday, expecting more price falls, dealers said.
The most-active gold for April delivery on the Multi Commodity Exchange (MCX) was 0.08 percent lower at Rs 27,914 per 10 grams.
"Demand is still zero as prices are still a little bit higher," said Haresh Acharya, head of bullion desk at Parker Bullion in Ahmedabad.
A stronger rupee also weighed, as it plays a key role in determining the landed cost of the dollar-quoted yellow metal.
Silver too fell on Tuesday, with March delivery on the MCX down 0.56 percent at Rs 56,109 per kg.
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