Gold rates coming down drastically
Posted on: 16/Nov/2015 12:21:20 PM
For the last one week, the rates of the gold are coming down due to Central Government`s gold bonds scheme, Gold Monetization Scheme and also due weakening of dollar. Now the gold is sold at the rate of Rs 19512.00 per 8 grams. Because of this the public are showing keen interest to buy jewels.
The Government has introduced three new gold schemes on 5th November in order make the gold owned by temples and people as its investment and also to reduce the import of gold. Now people are interested in these schemes and also want to invest in these schemes. S. Shanthakumar, The Madras Jewellers and Diamond Merchants Association while speaking said, We can feel that the gold rates are coming under control because of the recent Central Government`s gold scheme announcements. Though there was fluctuation of gold rates for the last few weeks, the rates of gold are constantly coming down from 9th of this month. Because of this people are showing interest to buy gold. Sales have been increased by 20%.
