Prospects of gold prices to come down!
Posted on: 06/Jun/2015 3:38:51 PM - No. of views : (2307)
A recent research conducted by India ratings reveals that there are very bright prospects of gold prices to come down during the current financial year!
India ratings has suggested that the price of gold, from the prevailing rate of Rs. 27000/- per 10 gm may come down up to Rs. 20500/-.
The research also informs that this gold price reduction will depend entirely on the interest rates increases by American Central Bank.
If there are delays in interest rates being revised upwards in USA, the price of gold, on the contrary, may go up to Rs. 30500/- per 10 gm according to this research.
