With the abnormal increase in Gold prices, many investors had started accumulating Gold. They had an apprehension that after the enormous hike in Gold rates, a day would come when heavy decrease in prices would be likely. Due to continuous hike in Gold prices for the past two to three years, people had started thinking that there won't be any fall of Gold prices.
For the past ten days, there has been a tremendous fall in the Gold prices. It is feared that in the days to come, there will be a steep fall in prices of Gold. Within a week, a fall of Rs. 1250 was recorded. It is the maximum fall after April 2012. Market experts opine that many major companies had started accumulating Gold in view of huge losses in their business. It resulted in the price rise of Gold in the international market also.
There has been a steep fall in Gold prices. It is presumed that in the next few days, this trend would continue and the Gold price would further come down to the extent of Rs. 1000 to Rs. 1500 per 10 gm.
It is, therefore, advised not to invest in Gold. All those who want to sell their Gold, should wait for a longer period or else, dispose it off immediately because it is certain that the price of Gold is going to be reduced enormously within a few days www.keralites.net          |
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