Forecast for gold prices by December 2010, the gold prices could range between Rs. 20,000 to Rs. 23000/10gm, which could only moderately affect the sales as consumers would still be willing to make gold jewellery purchases.
Yellow metal has constantly ruled indian consumers since history.
A lot of emotions are attached to it.
But now besides being a prestigious thing to hold Gold have carved a niche in online trading too!
People want and do make profit from its intra day sale/purchase! Where once it had a place in closets and lockers for years and years!
This is one of the main reasons for its upsurge in recent years!
Moreover, it didnot had an inflation affect on itself for many years. It revolved around Rs 4000/- to Rs 6000/- per 10 grams for good 4-5 years, whereas prices of aal things went up and up during that period.