Gold Price In India Witness A Downfall

By Author: ruchi jain
Total Articles: 123
Comment this article

All those reading this might have always snooped that gold price is ever-increasing day by day, but this time I have come up with an entirely vice versa information, that after so long current gold price in India has witnessed a downfall and has reached to Rs 29,794 per 10 grams recently, while the spot market price was around $1,610 an ounce, the lowest since August.

In the futures market, agents anticipate gold to trade around current levels in April although Indian bullion experts are predicting a $50-60 slide over the next one month. At current exchange rate, this may mean a fall of around Rs 2,700 in domestic prices.

Researcher to believe that, the drift of abating has just started. An intensification US dollar will put more stress on gold prices. So, technically, there is still scope for a fall,

After touching an all-time high of Rs 32,500 per 10 grams last November, the yellow metal has seen a steady decrease in prices. Forecaster also stated that international gold prices have turned down by over 3% in the last one week, although the decline nationally has been less sharp remaining to a weak rupee, ...
... which prolongs to trade around, 54-55 to a dollar. Compared to a year ago, gold price in the local market is around 7% higher, while it is trading 6.5% lower in the international market.

Moving further, the current gold price in Bangalore has reached to Rs 29,980,00 for 10 gm of gold whereas, the gold price in Chennai has reached to Rs 27,285,58 for 10 g of 22 carat gold and Rs 29,765,00 for 10 g of 24 carat gold which is less that Bangalore.

Although market place is considered as the perfect place to verify the current gold price but it is advisable to look for the reliable shop. It is also said that whether you are scrutinizing the prices for a marriage or any other occasion for celebration, investment or trade, it cannot be done without analyzing the ups and downs in the market.

Free Indian classifieds are other reliable destination that can get you the apt price of gold, only when you pick the genuine classified ad portal. The good classified ads providers post the offers of genuine gold sellers, and this keeps you in a position of strength, with regards to making an informed choice when evaluating the gold prices in Delhi, gold price in Hyderabad or others.

Plus, before buying gold from any of the portal make sure gold being offered by a seller is genuine, i.e. its claims of 18, 22 or 24 carat is correct or not. For this you should check out the reliable sources of information.

Author is giving information about gold price in Bangalore and gold price in Delhi. For more details log on to khojle.in where you will find the current price of Gold and sliver.