The recent rally makes you feel that all that glitters is GOLD!
You may just be looking at the rise of the gold you may have bought some but regretted had we bought some more !
Another reason to add rally to gold prices is the current wedding season in India.
The question remains on every ones mind should we buy or no? When will the rally end and what is the right rice we should buy at ? (These are Common question asked by people)
I can analyse and predict equities but not Gold !
Growing worries about inflation, weakness of the US dollar — the main currency in which most precious metals are traded globally increasing demand for the yellow metal during the current wedding season have combined to take gold prices to record levels almost every day.
Since crossing the Rs 17K mark (per 10 grams) for the first time ever just a week ago, the yellow metal has gained about Rs 800 and is now within striking distance of Rs 18,000.
On Monday, standard gold in Delhi closed at Rs 17,810 while in Mumbai it closed at Rs 17,610. The rally in the domestic market was also helped by the global rally since gold prices are mostly benchmarked to international levels. (Economic Times)
Gold may advance as investors seek to hedge against a weakening dollar and possible inflation, a survey showed. Nineteen of 26 traders, investors and analysts surveyed by Bloomberg, or 73 per cent, said bullion would rise in the week starting November 23. Five forecast lower prices and two were neutral.
Gold futures for December delivery rose $4.90, or 0.4 per cent, to $1,146.80 on the Comex division of the New York Mercantile Exchange. Earlier, the price dropped as much as 0.8 per cent. The metal gained 3.2 per cent in the previous five sessions. In November, the price has climbed more than $100. (Business Standard)
What I think about Gold is it will have a rise in short term and like Equity Markets in 2007 it may have a fall as every thing which has gone has to come down.
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Gold MF are one of the best performing ones from last 2 years..
True Rajesh.
The main reason for this is the increase in prices of Gold !
Gold above 18,000 Rs : http://economictimes.indiatimes.com/Gold-closes-above-Rs-18000-level-on-strong-global-cues/articleshow/5272001.cms
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