Gold prices to increase
Posted on: 26/Jul/2013 11:38:13 AM
With new regulations put in place by the Reserve Bank of India (RBI) on the import of gold, prices of the metal are likely to rise again.
�Gold prices will definitely increase in the coming days because the new regulations mean there is going to be a fall in supply� We have seen the prices consolidating and beginning to rise slowly in recent weeks. This will add a spurt to the appreciation� The RBI�s new guidelines would hit business. This will hit our margins. This will hurt our volumes. The Central government is trying to squash this industry as if it was a bed bug�, say jewelers.
