importers wait and watch.
Gold importers in India booked a few stray deals, not rushing in to buy, as prices continued to be supported by a weaker rupee and firm overseas markets ahead of festivals.
The most-active gold for December delivery on the Multi Commodity Exchange (MCX) hit a high of Rs 31,149 per 10 grams before trading almost steady at Rs 31,080 by 1:54 pm.“There are no deals as the rupee is on the higher side and even gold is holding higher up at $1,710 (an ounce),” said a dealer with a private bullion importing bank in Mumbai.
