RTRS: India gold buyers continue to stock for weddings
MUMBAI, Oct 29 (Reuters) - India gold traders continued with their purchases for a fourth straight day on Thursday to stock for weddings as prices stayed near $1,030 (an ounce) levels, but an early weakness in rupee weighed on sentiment, dealers said.
"Traders have responded well to the recent correction after Diwali and alot of orders are getting filled up," said Pinakin Vyas, chief-manager treasury, IndusInd Bank in Mumbai.
International gold prices, which guides the domestic markets, climbed above $1,030 per ounce as a weaker dollar supported prices, while a fall in holdings in the world's largest gold-backed exchange-traded fund capped gains. [ID:nLT277937]
International spot gold XAU= has fallen about 2 percent since the start of the week.
