Dragon country China have gold consumption and leading world wide for this year 2013 to 2014.
The gold prices not always depends upon people’s Jewellery demand. Almost the yellow metal gold rates are depends upon international markets and local currency devaluation and revaluation.
Due to fluctuation of US dollar value, china wants to more gold
for international trading purpose instead of american dollar currency.
when Crude oil producer countries like Iran and UAE, other countries wants to trade instead of US dollar due to currency value fluctuations, the gold prices in India are surges up.
Indian believes their lucky on buying gold on Diwali or Dhanteras or on Akshayatrutiya day. In recent day, buy and selling yellow metal gold is become one of the safest investment and saving tool for Indian people.
Due to this reasons, there is a fluctuation in gold rates in India.
Here are the update and Indian Live Bullion Market rates.
The gold prices not always depends upon people’s Jewellery demand. Almost the yellow metal gold rates are depends upon international markets and local currency devaluation and revaluation.
Due to fluctuation of US dollar value, china wants to more gold
for international trading purpose instead of american dollar currency.
when Crude oil producer countries like Iran and UAE, other countries wants to trade instead of US dollar due to currency value fluctuations, the gold prices in India are surges up.
Indian believes their lucky on buying gold on Diwali or Dhanteras or on Akshayatrutiya day. In recent day, buy and selling yellow metal gold is become one of the safest investment and saving tool for Indian people.
Due to this reasons, there is a fluctuation in gold rates in India.
Here are the update and Indian Live Bullion Market rates.
Market Name Latest rates previous rates
Chennai
Bar Silver (1Kg) 56445 57225
Retail (1g) 60.40 61.30
24 ct Gold (10 gm) 27460 27590
22 ct Gold (1gm) 2568 2580
Mumbai
Silver 56540 57490
Standard Gold 27385 27370
Delhi
Silver 56500 57200
Standard Gold 27690 27890
Sovereign 23350 23400
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