Gold prices to go low in India ?
Are Gold prices to go low again in 2014 ? any analyst how could share a few thoughts on this here ?
Gold is the most valued mineral available on planet earth. Rates of gold always go upward instead of coming down.
Gold rates are affected by demand and supply in international markets. And currently Indian government have formed schemes which discourage the import of gold.
India being biggest consumer of gold, has seen reduction in consumption rate due to this ban. But this scheme can not sustain more a longer period.
Stock Market is also not reliable at present time. People go for gold whenever stock market is not performing.
Looking at all the above factors Rates of Gold does not seem to depreciate in near future. And another thing is marriage session is near by and demand of gold will increase.
Any other opinion?