Even as the equity market nose dived in India the gold price has touched new heights all over the world. In India Gold price reached a new high at Rs 31,470 and is expected to go further up. I guess it is time to sell now and make a tidy profit !
http://timesofindia.indiatimes.com/business/india-business/Gold-price-continues-to-rise-touches-Rs-31470-mark/articleshow/21888604.cms


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Ever since the government clamped down on the import of precious metals to control a widening current account deficit , gold prices particularly have been soaring up. Sharp depreciation of rupee and the fall in stock markets are also the reasons for the soaring of gold prices according to bullion traders.

Ever since the government clamped down on the import of precious metals to control a widening current account deficit , gold prices particularly have been soaring up. Sharp depreciation of rupee and the fall in stock markets are also the reasons for the soaring of gold prices according to bullion traders.

If i am not wrong.. govt. increased the import duty on gold, which will only increasing more smuggling... but yes rupee depriciation is main concern..

Ever since the government clamped down on the import of precious metals to control a widening current account deficit , gold prices particularly have been soaring up. Sharp depreciation of rupee and the fall in stock markets are also the reasons for the soaring of gold prices according to bullion traders.

If i am not wrong.. govt. increased the import duty on gold, which will only increasing more smuggling... but yes rupee depriciation is main concern..

A proper way to stop depreciation is proper function of government, false arrangements may put a temporary break but these will not resolve the matter permanently.

I will not suggest anyone to sell gold at this point of time. It has not yet reached to its high-point yet. As everyone knows that share and gold are directly related to each other as one goes up the other goes down. Probably when people withdraw from shares they spend in gold and otherwise.

I will not suggest anyone to sell gold at this point of time. It has not yet reached to its high-point yet. As everyone knows that share and gold are directly related to each other as one goes up the other goes down. Probably when people withdraw from shares they spend in gold and otherwise.

It may be possible that in coming days government will impose some restrictions on import of gold.