Gold prices still in down trend
Posted on: 19/Nov/2015 2:21:09 PM
The price of gold has come down in the last 20 days by Rs. 140/- per gram. One sovereign costs less by Rs. 1128/-.
With the increasing prospects of interest ratios being raised in USA, investment on gold in the international market has come down.
This is cites as the main reason for gold prices to come down.
Another reason mentioned is the reduction of demand for gold in India.
The market wizards reckon that the price of gold is very likely to go down further.
