Few week earlier all the investor and companies dealing in Mutual fund were mad about the buying or Investing in Gold or Silver. After a week what does it happen that there is sudden fall in prices of Gold and Silver. India is the top buyer of World’s Gold.
Yellow metal fall by about Rs 1540 to Rs 25,800 per 10 gm, which was the lowest fall in this precious metal in 28 years and Silver drpos to Rs 3,200 to Rs 50,800 per kg which was the lowest fall in 31 Years.
All these falls are the speculation of Eurozone crisis , where Dollar is given more weightage than Gold hence low in demand and fall of prices. but in My view these are the short term fall and Gold will surely move up in near future.
This is the right time for Investor to buy for GOLD ETF or Gold fund with low NAV.
Due to this Eurozone crisis all those companies who are having more than 30% of exposure to European market will face the heat of slowdown.
