Today: Gold Price in India plunges very low | Reason for Low Gold Rate Today | Is it good time to buy GOLD | When to buy Gold 2013 or Wait

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The prices of these precious metals have fallen down by more than 25% from their peaks in 2011, indicating that the precious metals are finally in the bear territory after a bull run that lasted more than a decade.

According to commodity market experts and traders, the main reason for step fall in bullion prices recently has been due to talks of troubled Cyprus selling gold worth about half a billion dollars.

Other factors responsible for fall in gold prices are strength of the US currency with which the yellow metal’s price has an inverse relationship and a general loss in confidence in the two precious metals by investors because of months of weakness in prices.

In India, gold fell by Rs 750 on Monday to trade around Rs 27,600/10gm while silver was down Rs 3,500 to trade around Rs 46,000/kg.

If you are an investor or trader in bullion then you might be searching about Latest gold rate/price in India, Current gold price/rate in Mumbai, Delhi, Chennai, Jaipur and Ahmadabad, etc.

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4 Responses to “Today: Gold Price in India plunges very low | Reason for Low Gold Rate Today | Is it good time to buy GOLD | When to buy Gold 2013 or Wait”

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