India's gold buying continued for the second day on Tuesday as a strong rupee made the dollar-quoted yellow metal cheaper for domestic traders, dealers said.
The Indian rupee rose to new one-month highs boosted by gains in shares and higher Asian currencies but demand for U.S. dollar from oil firms and importers limited gains.
International spot gold was trading at $1,126.50/1,127.05 (at 2:49 p.m)an ounce as against 1,121/1,121.80 in the previous session, extending the previous day's 2 percent rise.
Tuesday, January 5, 2010
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