More good news for consumers and jewellers alike. Gold is slated to fall by another Rs. 600 in the coming week. It will hover around Rs.11,000 for 24K gold. This fall has been a resultant of strengthening dollar and falling crude.
We know from first hand experience that when the gold prices recently fell. Their was a huge shortage of raw metal and gold fetched a premium over the prevailing prices. With India's festive season of Diwali ahead gold demand is slated to rise. This would again push the prices up. So this looks like a momentary dip. It would be prudent not to wait for gold prices to fall beyond this level.
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KATHANA Jewellers' Official Blog
Pitampura, New Delhi.
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