Business News This Week
Who will consider a safe investment, when the price of the gold hit back to 30 year low on a single day? The price of gold has been going down for last couple days and the fall may continue.
The yellow metal yesterday has seen its biggest one day drop, in more than thirty years. The prices of gold have declined to 9%, which is the lowest price. The price of gold plunged $140.30 to $1,361.10 an ounce, and has dropped $200 an ounce, in the last two trading days. The selling begun when the government reported a drop in inflation.
The investors have been looking for alternative to golds to invest, but the gold customers are not in mood to leave the chance to buy the gold at low price.
It is reported, that people have been rushing to purchase gold in all most cities as the gold price significantly went down in last few days. With festival seasons around in the eastern states of India, it is the perfect occasion for the gold lover to buy gold and hoard it for some time, as it may the price of gold may touch the sky again, who knows.
The yellow metal yesterday has seen its biggest one day drop, in more than thirty years. The prices of gold have declined to 9%, which is the lowest price. The price of gold plunged $140.30 to $1,361.10 an ounce, and has dropped $200 an ounce, in the last two trading days. The selling begun when the government reported a drop in inflation.
The investors have been looking for alternative to golds to invest, but the gold customers are not in mood to leave the chance to buy the gold at low price.
It is reported, that people have been rushing to purchase gold in all most cities as the gold price significantly went down in last few days. With festival seasons around in the eastern states of India, it is the perfect occasion for the gold lover to buy gold and hoard it for some time, as it may the price of gold may touch the sky again, who knows.
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