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Tuesday, August 16, 2011

Reasons for Gold's Demand

Trivandrum, August 16: Our team of reporters conducted a market study with almost all important Gold dealers in the city. The conclusion was quite interesting and we are glad to share it with our readers.

The main reason behind the heavy demand for gold even in the off-season [Ramzan - Karkkidakam] is the economical crisis in the U. S. and Europe. The crisis indirectly deducted the value of Dollar which tends the investors to go for gold.

Another reason is the crash of share market. Even countries like China started converting the money to gold which leads to more demand in international market.

The another important reason we understood from the research is that the people who retires from any service do not wait for investing it in banks or other modes of investment like mutual funds, fixed deposit etc...

The new trend is purchasing gold for the entire money as investment. The general talk in the town is that the price of '8 grams' of gold will touch the Rs. 25,000 mark with in 2-3 months.

The people who are interested in investing in Gold is not interested in ornaments. They need it in form of biscuit. A gold merchant describes his experience that one customer approched him for 1 Kg gold biscuit. The demand for gold biscuits are high, but the availability is less. Dubai is the main place where our gold merchants get gold biscuits from.

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