 "Gold demand returns after prices ease")
Mumbai: Gold traders in India, drifted back to the market on Friday as prices eased from their highest level in more than two months, dealers said. The most-traded gold for April delivery on the Multi Commodity Exchange (MCX) was trading 0.37 percent lower at 28,252 rupees per 10 grams, falling from the previous day’s two-month high of 28,511 rupees.
“Demand is better than last two days as prices have cooled off a bit,” said a dealer with a private bullion importing bank in Mumbai. The dealer expects the momentum to continue in coming sessions, but added “a lot will depend on prices.”
[caption id=“attachment_209585” align=“alignleft” width=“380” caption=““Demand is better than last two days as prices have cooled off a bit,” said a dealer with a private bullion importing bank in Mumbai.”]  [/caption]
A weaker rupee could limit the downside in prices. The rupee plays an important role in determining the landed cost of the dollar-quoted yellow metal. Silver also fell tracking the yellow metal. Silver for March delivery on the MCX was trading 0.41 percent lower at 56,941 rupees per kg.
Reuters
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
 "Israel targets top Hamas leaders in Doha; Qatar, Iran condemn strike as violation of sovereignty")
 "Nepal: Oli to continue until new PM is sworn in, nation on edge as all branches of govt torched")
 "Who is CP Radhakrishnan, India's next vice-president?")
 "Israel informed US ahead of strikes on Hamas leaders in Doha, says White House")
](https://images.firstpost.com/wp-content/uploads/2012/02/gold2.jpg){kind=link}