RTRS :Gold buyers throng shops for auspicious buys
"People, who used to buy 10 grams, are buying 5 grams, but they are still buying. There are alot of emotions attached to this festival," added Jog.
Traders expect physical offtake to extend till Diwali.
"This buying would continue till Diwali. People have absorbed this price of 15,800-16,000 (rupees)," said Ketan Shroff, director with Pushpak Bullions, a Mumbai-based trader. "People have earned in stock markets also, so they can buy expensive gold."
India's gold imports in September provisionally fell 30 percent, the smallest year-on-year decline in five months, as steady prices and the festival season attracted more buyers.
(Reporting by Siddesh Mayenkar; Editing by Sunil Nair)
