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.
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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.