Prices of gold are coming down
Posted on: 11/Jul/2015 10:26:32 AM - No. of views : (2054)
Prices of gold are down swinging. A sovereign of gold was sold for Rs 19,736. The merchants say that the prices of gold will come down further. For the last few months, there are fluctuations in the price of gold. Right from the beginning of this month the gold prices have drastically come down. Day before yesterday, the price of a sovereign was increased by Rs 140. A sovereign was sold for Rs 19,808. This price rise did not even for a day. Yesterday, the price came down and was sold for Rs 19,736. Passionate jewel buyers are happy because the gold is sold for less than Rs 20,000.
The reason for this downfall is that European countries efforts to solve the economic crisis in Spain and Greece were not successful. Moreover China which is considered the biggest country in their world is in a very difficult economic situation. This has created big impact. Investors are not investing in stock markets or in gold. Because of this, there is a drastic change in the price of the gold. Gold prices may still come down.
