Gold Rates Sky Rocket
Gold rates are showing an unprecedented rise and now stand at Rs15000/tulam, and if trend-analysts are to be believed then it would surely rise even further.
The reason for the sudden spurt in gold prices is being attributed to declining property and share prices, traditionally, investments in properties and shares were always considered safe, but with the present economic down turn, the confidence of the investors has been shaken in these safe haven investments also.
The only option seems to be gold, which has been showing some healthy price appreciations despite the economic slow down.
Analysts believe that the trend in gold price increase is likely to continue, as buying pressure is to be seen in the international markets also, as non- traditional buyers like America and the Middle Eastern countries, have been showing interest in buying the precious metal.