Monday, October 29, 2007

Booming gold prices!!


Gold prices are sky rocketing. It has already breached the Rs.10000/- mark (per 10 Gms) and it looks like there s no stopping to it.Rs11000 in the near future should not be a surprise at all. In the international market gold has already crossed the 28 year high mark. And a race to all time high seems very near.Factors that lead to increase in gold price are mainly crude oil and Currency. Rupee to dollar rate has become very strong in the recent times. From around Rs 44- Rs45 it has come to Rs38-Rs39. Crude oil has crossed the all time high to 90$ per barrel. Better late than never. start investing gold and gain from a long term point of view. check out this link about the gold price.

http://au.ibtimes.com/articles/20071018/big-move-coming-in-gold-price.htm

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