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how low can gold price go


Chakram12

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13 minutes ago, Chakram12 said:

what is the buying rate 

I believe cost for mining and producing an ounce of gold is somewhere close to 900$. add in all the transportation, marketing and other costs by the time it reaches consumer. So the real price should be some where around 1000-1100.

Do not buy gold for short term gains. Buy and hold it and it will average out over the years and you will be in the green.

it is recommended to keep around 10% of your networth in gold.

 

 

 

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Well, Indian domestic consumption of gold and world's demand as secure investment decides the gold pricing. 

With world economy showing signs of positive growth with interest rate hikes and at the same time, with demonetization effect and curb down on gold traders in India. One can expect the Gold rate to be more stable and price levels can get corrected to its exact standard as with hectic activity, One can see sell-offs in the market and moving towards investments already. 

My opinion: Gold will loose its sheen and from the present levels of $1,100, it would settle at $900-$1000 levels for the next 1-2 years or possibly longer.That's definitely not a crash but a strong indication of positive growth. 

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2 minutes ago, speedracer said:

Mana indians ki gold picchi venaka secret / story endi

Thakkuva unnapudu koni pettukuntey, pellilu ayye time konakarledu ani... appatlo pelliki gold konatam was the major karchu

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Pelliki gold decoration aa requirement aa. Ikkada tellollu pearls or cross chain vesukuntaru. Manollu kg kglu enduku gold vesukuntaru, antha gold veesukunteney memu balisonollamu ani telustadi kabatti. 

Its more to show off the grandeur than beautification

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