Not so desirable anymore - Gold

Discussion in 'Commodity Futures' started by patanx, Sep 13, 2006.

  1. patanx


    In India gold is a very desirable investment instrument, but seems like elsewhere around the world gold has been losing its appeal .It has been seen fromm yesterday's trade that with drop in gold price dollar rose after a news speculating that the US Inflation report today may prompt an increaing in the borrowing rates by the Federal Reserve.

    Lets see how low can the gold price go , but that does not seem to effect the Indian gold market with the festive season very close by .