Business News This Week
The gold prices may go up in India as its festival time and Diwali is near corner. On 'Dhanteras' day people in India purchase gold. The gold prices couple of days back slide thanks to the Coal India IPO offering.According to media reports, the Coal India IPO offering was one of the success subscription as it was anticipated. The retail investors had purchased more of its shares.
The share of the Coal India IPO has recorded a sale and fetched good amount of money from the stock market. FIIs were also preferred to purchase the IPO of Coal India Limited, which cause little slide in the rate of gold.
The impact would not stay longer as the IPO of Coal India Limited has been closed at a record sale. The demand for gold in India would again help the price to go up.
Yes, gold price still go up in India because the international prices still higher than the prices in India. You can expect another hike of Rs. 350 near...
ReplyDeleteI agree with you, as the demand forces in the country also to weigh high on the gold price.
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