For Gold lover and Gold Buyer it was never so good time as it is now . Gold price is falling sharply . The consolidation at lower level at present is temporary and it will fall again .
I think Gold lover need to wait for best price . Let us see how Indian will react next Month on the auspicious Day of "Akshya Tritiya" . Good time for Families planning for Marriage of their Kids in the upcoming Marriage season !!
There is strong possibility that many Government Treasury will liquidate Gold from their portfolio in the coming Month ( particularly Euro Zone Countries )
Not good time for Jewllers and Gold financing Companies as their Assets value is depleting
Although Government has kept the Import Duty at 6% , no plan to increase it furthur to discourage Gold Import to improve CAD .
Gold Prices has fallen by 18% during last 100 days in the International Market from USD 1675 to USD 1375/ ounce .
I think Gold lover need to wait for best price . Let us see how Indian will react next Month on the auspicious Day of "Akshya Tritiya" . Good time for Families planning for Marriage of their Kids in the upcoming Marriage season !!
There is strong possibility that many Government Treasury will liquidate Gold from their portfolio in the coming Month ( particularly Euro Zone Countries )
Not good time for Jewllers and Gold financing Companies as their Assets value is depleting
Although Government has kept the Import Duty at 6% , no plan to increase it furthur to discourage Gold Import to improve CAD .
Gold Prices has fallen by 18% during last 100 days in the International Market from USD 1675 to USD 1375/ ounce .
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