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Gold prices edge down in asia even as demand rises

 

 Gold prices edged down on Tuesday morning trade in Asia.

Demand for gold, a safe haven asset, has increased over the past couple of weeks but expectations of a strong recovery in gold prices may have been premature, despite increased buying in Asian markets, most notably India.

Gold futures for December delivery were trading down 0.06% at $1,999.10 per troy ounce at 10:12 PM ET (02:26 GMT) on the Comex division of the New York Mercantile Exchange.

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© Reuters. Gold prices edged down on Monday morning trade in Asia .