India's gold demand was weak on Monday as buyers watched prices harden in the spot market, but hoped for corrective dips to make fresh purchases, dealers said.
"There is not much of demand as the prices have gone up from Friday's level," said a dealer with a foreign bank.
If the prices would come down to 9,300 rupees, people might start buying, he said.
Another dealer at a large private bank said only need-based buying was coming in.
Demand was also down due to an inauspicious period - Shradh - when Hindus pay respects to their dead ancestors, jewellers said.
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"There is not much of demand as the prices have gone up from Friday's level," said a dealer with a foreign bank.
If the prices would come down to 9,300 rupees, people might start buying, he said.
Another dealer at a large private bank said only need-based buying was coming in.
Demand was also down due to an inauspicious period - Shradh - when Hindus pay respects to their dead ancestors, jewellers said.
Discuss Add this link to... Bury
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