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Gold Rate Continues to Dip; Slight Increase Likely Further

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Gold Rate Continues to Dip; Slight Increase Likely Further

July 21
14:32 2015

gold1New Delhi, Tuesday, July 21 – The attraction towards gold is falling and this reflects with the price of yellow metal which is fluctuating between INR 25,000 and INR 26,000. People are showing just a little bit interest in picking jewelry pieces designed in precious metals. Other factors are undoubtedly responsible for declining rates of gold but lesser interest of the buyers is the key factor behind it.

Sale was slight up after the rates declined on Monday. But despite low cost of the metal, it is surprising for the analysts to notice that people feel comfortable to go with imitation and artificial ornaments. Gold is no more considered a safe investment option and the change in thought has changed a lot of statistics in the bullion market.

Traders witness customers swarming their shops only on festive occasions or when someone in the family is going to tie the knot. The way gold rates disturbed budget of many consumers a couple of years ago was different. Prices, even though, followed the up and down trend in the recent past, it remain within one’s reach, letting more than a few to settle on designer jewelries, inclusive of anklets, bracelets, armlets, necklaces, earrings, rings and so on, but yet not holding same attraction as it did previously. Experts expect situation to slightly improve in the coming months but that is not going to be huge.

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