Penta Gold

The government may take more steps if needed to curb gold inflows into the country, a senior finance ministry official said on Thursday.

Gold buying by traders in India, the world's biggest consumer of the metal, slowed as prices were stuck in a range for a third day in a row after overseas leads outweighed a stronger rupee back home. The wedding season will re-start in India by mid-January and will continue until May. Festivals will also take place during this period.

The government may take more steps if needed to curb gold inflows into the country, a senior finance ministry official said on Thursday.

Gold buying by traders in India, the world's biggest consumer of the metal, slowed as prices were stuck in a range for a third day in a row after overseas leads outweighed a stronger rupee back home. The wedding season will re-start in India by mid-January and will continue until May. Festivals will also take place during this period.