Due to the central government measures to reduce the investment on gold and increase in gold price in the world market have resulted in considerable hike in gold price in the recent times. Within 50 days the gold price for one sovereign has been increased by Rs. 4536.00.
Gold price is expected to reach its peak within Decemeber 2013. Due to this, the gold merchants are very worried as the gold purchase will be affected by 25 to 30 percent.