India gold steadied at its highest level in a month on Wednesday afternoon, while physical demand remained subdued as banks, the primary dealers of bullion, were shut for a local holiday, dealers said.
The most-active April contract on the Multi Commodity Exchange (MCX) was trading 0.05 percent higher at 20,510 rupees per 10 grams, almost steady near the one-month high of 20,545 rupees, a level last of Jan. 20.
Traders have been on the sidelines as the prices rose, amid easing supply issues, which were caused due to excessive snowing in refining areas and lower carryover stock.
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