Do Gold Price will still come down?
Do Gold Price will still come down?
Are you Expecting Deepavali time to purchase Gold Jewellary ?
When the news of Europe's debt crisis arrived in the global media, Investors and traders started investing more in US Dollar. As a result the value of the US Dollar goes up and Gold market price decrease. In September 26th 2011 the gold price dropped drastically, on September 23rd the Gold rate was INR 2645.00, but on Sept 26 it dropped to INR 2429.00.
INR 1600.00 dropped per 8gram 22CT. This has become a great good news for middle class house wives.
The question is ..... Do Gold Price will still come down? Can I wait some more time or till Deepavali time to purchase Gold Jewellary ?
The experts in Indian gold market predict Gold price will still come down until the investors keep investing in US dollar.
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