UPDATE 1-India gold eases, yet more sellers in local mkt
(Updates to trends in the physical market)
* Spot gold down at $932.10 an ounce XAU=
* London Brent crude down at $145.88 a barrel LCOc1
* Rupee stronger at 43.22 per dollar INR=IN
MUMBAI, July 4 (Reuters) - Indian gold prices eased slightly on Friday but stayed above the psychological mark of 13,000 rupees per 10 grams, drawing investors into selling bars, dealers said.
The profit taking had led to lower prices by up to 200 rupees per 10 grams in the local market over the bank rates, dealers added.
"There is no demand but there are a lot of investors selling," said Mahendra Bafna, manager at Riddisiddhi Bullions Ltd, a wholesaler in Mumbai.
"Bars are being sold mainly by those who have taken a hit in stocks."
Overseas gold, which guides the local market, was supported by crude oil propped up by tensions between Iran and Israel that raised concerns over supplies. Continued...
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