UPDATE 1-India gold trade quiet on bank half-yr close
(Updates to trends in the physical market)
* Spot gold up at $998.85 an ounce XAU=
* London Brent crude up at $65.85 a barrel LCOc1
* U.S. GDP for second quarter 1230 GMT [MI/DIARY]
MUMBAI, Sept 30 (Reuters) - India's gold trade remained quiet on Wednesday as most banks, the primary sellers of the yellow metal, were shut for half-year book closing, dealers said.
"Traders are not keen on booking (gold) today as the rupee market is closed," said a dealer with a private bank.
Indian currency markets are closed on Wednesday for the half-year book closing for fiscal 2009/10. Trading resumes on Thursday. [INR/]
Gold is a dollar-denominated asset.
Dealers say there has been a pick-up in physical off take this month, but down from last year, as traders continued to replenish stocks for festivals. Continued...
Economy seen growing at 7.2 pct in FY10 - govt
The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget. Full Article
Greek crisis sets euro zone enlargement back
The Greek debt crisis has dealt a setback to prospects of enlarging the euro zone by highlighting the difficulties of managing the single currency area. Full Article
India
US
UK
