Feedback of WLCI on fallen Gold Price

28 May
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WLCI Feedback

The “Gold” metal which is very much dear to the Indians, has fallen in terms of price sharply in the market in the recent days. Recently it ranges between Rs 28,000 to 29,000. In the recent times gold as a metal has lost its “safe-heaven-appeal”. In India, some time ago the prospect of increase in prices was due to a hike in duty, which came into force in January 2013, that might have encouraged people to buy. After the duty hike, India imported around 200 tonnes of gold in January-March 2013. Right now compared to its last years market value-Gold prices have dropped and experts indicate a further drop in prices in the future.

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