Indians continue to chase gold higher despite domestic prices equal to $1,800

Standard gold of 99.5% purity shot up by Rs630 to change hands at Rs31,790 per 10 gm from Friday's closing level of Rs 31,160.

The buying interest comes amid a sharp move higher for gold to close just under $1,400 an ounce in New York on Friday and a rupee falling to record low levels, which together make gold very expensive for Indian consumers to own.

Bull Market Thinking interviewed Vishal Vyas, head of operations at India’s top bullion dealer, Pushpak Bullions who said small shops are closing down in India, because there are no more gold to process thanks to the government's crackdown:

Read More: www.mining.com/indians-continue-to-chase-gold-higher-despite-domestic-prices-equal-to-1800-30383/