GOLD UPDATES 19.06.2012:- Gold eked out a small gain on Monday as lingering


uncertainty over the euro zone debt crisis following

Greece's elections and a policy meeting by the U.S.

Federal Reserve lifted bullion from its early losses.

• Safe-haven bids boosted gold as G20 leaders

pressed Europe to do whatever it takes to combat

Europe's crisis after a victory for pro-bailout parties

in a Greek vote reduced the chances of a euro

breakup but failed to calm financial markets,

• Global equities markets' relief at the Greek vote was

offset by worries over its unresolved problems, the

lack of a clear plan for the euro zone as a whole, and

uncertainty over a meeting of Group of 20 world

leaders this week.

• Physical gold bullion demand, which has weighed

down on prices of the metal, was weak in top gold

consumer India, and it is likely to remain sluggish in

coming months due to the lack of weddings and

festivals during the wet season. (NEAL BHAI 9999974733)