MUMBAI (Reuters) - India's gold buying remained slack in the local market on Friday with traders reluctant to enter into deals as spot prices stayed above the keenly-watched 15,000 rupees, dealers said.
"Traders are feeling uncomfortable to bid gold at 15,000 rupees," said a dealer with a private bank in Mumbai.
Scoatia Mocatta quoted gold at 15,100 rupees per 10 grams as against 15,180 rupees on Thursday.
A seasonal slack period is underway in India for gold trade due to monsoons, when fewer weddings takes place.
Dealers expect buying to revive by August-end, when traders would seek to replenish stock for the festival season.
"Demand would pick-up again if prices fall to $930 an ounce," said another dealer with a state-run bank.
"Traders are feeling uncomfortable to bid gold at 15,000 rupees," said a dealer with a private bank in Mumbai.
Scoatia Mocatta quoted gold at 15,100 rupees per 10 grams as against 15,180 rupees on Thursday.
A seasonal slack period is underway in India for gold trade due to monsoons, when fewer weddings takes place.
Dealers expect buying to revive by August-end, when traders would seek to replenish stock for the festival season.
"Demand would pick-up again if prices fall to $930 an ounce," said another dealer with a state-run bank.
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