Kochi, on Monday, August 8, 2011: gold prices hit a record on Monday with a sovereign 18,480 in Rs and a gram gold price Rs 2,310.
The hike is seen as a reflection of the increase in prices on the international market. Price of gold had played 16,000 crore for the first time on 16 April. A rumor probably opportunities for United States stock market crash is considered to be the main reason for the sudden increase in the price. People on a large scale to larger investments in gold, given the yellow metal as a safe investment.
Gold is seen as a safe investment and this is the reduction of the value of the rupiah to the dollar. Kerala has one of the highest consumption of ornaments of gold and silver in the country. Gold traditionally was the ideal form of investment among the people of Kerala, as well as jewelry.
Filed under: Latest News, World news | Tagged: bseindia, gold, gold rate, kitco, oil price« New York Yankees At Boston Red Sox Pinstripe AlleyLeave a Reply
Name __('(required)')
Mail (will not be published) __('(required)')
Website
XHTML: You can use these tags:
No comments:
Post a Comment