India's gold demand remained low on Monday as prices remained firm, prompting buyers to wait for a fall, dealers said.
"The demand has come down after good sales during Akshaya Tritiya," said Dipen Mandelia, director of Ahmedabad-based LKS Bullion Import and Export Pvt Ltd.
Akshaya Tritiya, an auspicious festival for buying gold, ended on Thursday.
Domestic gold prices erased early losses and moved higher in afternoon trade.
People are cautious of high prices and they are keeping themselves away from the market, said Ashwin Choksi of Mumbai-based Jamnadas M. Choksi Jewellers.
Some people are now shifting to diamond jewellery as prices are comparatively stable there, he said.
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