Tuesday, 4 October 2011

Gold Euphoria

Gold is moving up higher and higher on euphoria. The rupee's depreciation against dollar and uncertainty in europe region pushing the gold higher in the indian market.

Why gold is rising when inflation is high? Because of the fear of losing the currency value and more defaults.

Gold Price(10 gram pure) has reached Rs.28000 in our market and corrected from there.
Is still gold has some value for investment? Gold price will soften once European crisis is resolved. There is lot of volatility  because of the that. So those who want to invest in gold phyical/etf , can wait some more time for correction to Rs.23000 levels.

Happy Investing.

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