12 Anas » gold price http://www.12anas.com my 2cents to the world... Wed, 14 Jul 2010 12:18:05 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 Gold price down..time to buy? http://www.12anas.com/2009/12/gold-price-down-time-to-buy/ http://www.12anas.com/2009/12/gold-price-down-time-to-buy/#comments Tue, 22 Dec 2009 07:26:42 +0000 ananth http://www.12anas.com/?p=62 Gold has fallen 8% from its peek, but still the demand seems to be low. One of the reasons being given for the lower volumes in india is the inauspicious Kamurta period beginning December 15 (till January 14).

During the Diwali time, gold touched an all time high of of Rs 18,300 per 10 gms during early-December. Gold touched it’s all-time high of $1,200 per troy ounce in the international market. However, gold prices have been declining since past 10 days and come down to $1,100 per troy ounce in the global market, while in the domestic market it is hovering at Rs 17,100 per 10 gms, an 8% down from its peak level.

Analysts expect renewed buying to happen at Rs 16,500 especially with teh marriage season over and no big festivals comming up.

Lets hope to start buying gold sometime soon :)

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