FOR ALL TIME AND GOOD INVESTMENT
A gold bug is an investor who is bullish on gold snd often invests in it. By that definition, most indians would be classified as gold bugs., going by our collective fixation with the
yellow metal. Indians are the largest importers and consumers of gold globally-total imports are estimated at 800 tonns per annum. for years, gold had done little to justify the faith - after touching an all time high of $800/
oz in 80's, gold
prices went slump of late, however, the picture had started to change, Gold prices had appreciatedby over 30% sincethe begning of the year. Price for the 10 grams of the gold, which was
rs.6120/- at the begning of the year, crossed Rs.8000/- earlier in
december. The price of the yellow metal
touched a 24-year high before sliping down to lower levels. In dollar terms, gold prices touched the level of $541/oz in december they subsided to $500-505/oz or so. Some traders expect the
Price to correct further to $460-480 levels in the near future. However, the uptrend is expected to continue in the longer term...
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