Gold is heading towards new record. In the international market yellow metal is glowing like anything. As a reflection of the same indian market also witnesses price hike.
There is a contradiction actually took plcae in the upsurge of Gold price. In normal case when equity markets are up the price of gold would show downward trend.But now equity markets are giving good returns. Dow jones crossed 10,000 mark after October 2008. In India also markets are heading towards it's peak.
India, being a major consumer hub of gold, is witnessing a huge price hike. There are analysts saying that it's a golden bubble and one day it would burst. At the same time when prices will reach at it's peak there will be less demand and as a result price may fall. When dollar gains strength that would reflect in gold price also. These factors would workout in the recent future.
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