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last activity : 07 06 2010 20:18:04 +0000
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In this article I will not be focusing neither I will discuss the common reasons of gold prices climbing high. The falling dollar, rising inflation neither central banks buying/selling of gold. In this article I have tried to bring out the invisible forms of future gold demand and price.
Gold is now a dream for the Indian marriage occasion. Gold prices have moved up from Rs 11,785 per 10g to Rs 17000 in a year giving 44% annualized return. The recent news that RBI purchased 200 tonnes of IMF gold for $6.7 billion spooked the prices to 17000 levels.IMF gold sales was in order as per the agreements between the Asian countries. Their is some more reasons for this yellow color metal to shine.
PLEASE CLICK THE LINK BELOW.
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