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Apr 18, 2013

The see-saw game of Gold and its Buyers

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By Jyoti Parida

Gold (graceful oldest luxury on demand) what we can say more about it is one the most beautiful gifts from nature to us. It can be also known as a luxury good. This yellow metal which was touching the sky a few days before has come down to become a part of jewelry for a common man. The gold has chosen a right time for its lovers because of the marriage season and the auspicious Akshay Tritia( occasion for buying gold) is ahead.

The going down prices of yellow metal can lead loss or profit to the companies. The gold loan companies & the buyers who have purchased before will have to bear the loss and the buyers who are purchasing now will gain profit. Experts are giving their own views like Gold in India is also expected to go up due to physical demand & others say it will touch 25000 per 10gms. But nothing is sure now, just we have to wait for tomorrow.

India is the world’s largest single consumer of gold, as Indians buy about 25% of the world’s gold, purchasing approximately 800 tons of gold every year; mostly for jewelry. The falling prices of the metal have grown the eagerness of the Indian buyers more and more. When the gold prices were high the no. of its buyers was low and now it has become vice-versa. Let’s wait and watch the game and also who maintains to remain still, on the higher or lower side.


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