Gold prices will continue to fall!
Posted on: 23/Jul/2015 2:33:03 PM
The popular financial service agency of United States of America, Goldman Sachs, has predicted that gold prices will continue to fall in the international market.
Gold prices have been falling as the trend has continued over the last 10 days in the international market.
This is the first time since the year 1996 that gold prices fell continuously over 10 days.
Following the trend in the international market, gold prices fall in Chennai city as well. It has come down by Rs. 2000/- per sovereign in the last 2 months.
In Mumbai, the gold prices have come down unprecedented in the last 4 years.
If interest ratios go up in USA, the demand for gold world across will go down – this apprehension is explained as the reason for the falling trend in gold prices.
