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Gold drops by Rs 30 to Rs 31,040 per 10 gm

Gold prices on Wednesday declined by Rs 30 to trade at Rs 31,040 per ten grams in the bullion market here due to sluggish demand.

India gold demand sluggish as rupee slide supports price

Demand took a hit as buying declined during year-end holidays and the month is considered inauspicious for purchases, dealers said.

Gold gain as Europe debt woes spur investor demand

Gold on Friday gained for the first time in three days as concern about Europe's debt crisis spurs demand for the metal as a protection of wealth.