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Q.

GOLD at Rs.13000+/10gms, why,there is somuch craze for gold in India?

Tags: india, rs., 13000+/10gms
Asked by Rekha Manchanda, 16 Mar '08 10:50 am
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Answers (7)

 
1.

I dont know,wether, ther is any craze or mad rush in India for gold but its going to lose its shine by the end of April, 2008, gold may make its life time high during 11th April.,to 15th April n thereafter, in my opion, shall start declinng.U MAY BUY GOLD AROUND RS. 10000 per 10 gms, in 3/4 months frm now,u hv every reason to b happy.
Answered by madanmohan, 17 Mar '08 09:31 pm

 
  
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2.

Dear Rekha! This is not a craze only in India. People are not buying gold for jewellary but investing money in gold coins and gold biscuits.
Answered by MrinalKant Chatterjee, 16 Mar '08 10:57 am

 
  
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3.

it can go upto 14k - 14500 . if fed market cuts 75 bps
Answered by vineet budhiraja, 16 Mar '08 11:36 am

 
  
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4.

It is not because of the craze in actual . Actually actual users are surprised such a hike in Gold price & they are trying for alternative ways.
Such a rise in Gold price are due to satoriyas (bulls) in the future commodity market. It is up to them to raise its price upto any level till they set right for profit booking, but ultimately its this artificial price has tofalllike share markets. Time of fall has to be seen.
Answered by Chandramohan Gupta, 16 Mar '08 10:58 am

 
  
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5.

In Golden Country there will be always demand for Gold only na
Answered by Anand, 21 Mar '08 09:56 am

 
  
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6.

aaj bhi tumhe gold se utna hi pyaar hai hun


tum nahi badli rekha
Answered by amitabh bachan, 16 Mar '08 11:42 am

 
  
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7.

dont worry when america start supplying its gold's bumper stock then see the way it falls it might vome back to its previous position i.e. on 8000-1000
Answered by siddharth, 16 Mar '08 11:06 am

 
  
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