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Thursday, September 06, 2012

OMG!!! Please save GOLD for me...

I was shocked after reading the first page of my newspaper. Gold has reached the mark of 32k :(
 the precious metal gained Rs. 320 to Rs. 32,300 per 10 gram in the Delhi market and has gained Rsthe precious metal gained Rs. 320 to Rs 32,300 per 10 gram in the Delhi market and has gained Rs. 1,555 in the last fortnight in the wake of continued uncertainty in Europe. In Mumbai, gold climbed up by Rs. 220 to end at Rs 31,700 per 10 gram from Wednesday's closing level of Rs. 31,480. In the international market, the yellow metal hit a six-month high of $1,701 an ounce, and is now twice as precious as it was in 2008, when the global financial crisis hit the economy. 1,555 in the last fortnight in the wake of continued uncertainty in Europe. In Mumbai, gold climbed up by Rs. 220 to end at Rs 31,700 per 10 gram from Wednesday's closing level of Rs 31,480. In the international market, the yellow metal hit a six-month high of $1,701 an ounce, and is now twice as precious as it was in 2008, when the global financial crisis hit the economy.
Sorry brokers for keeping this expectation that gold will come down to 28K as per my budget but it's not :( 
Now there is very strong possibility that it will shoot to 35K as well by the arrival of Hindu celebration Dhanteras. With the Rupee loss investors are making safe bet to Gold.

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