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Commodities Briefing - Categorized | Bullion/Gold, Performance more

Why India’s gold has outperformed global prices

Posted on 30 August 2013

Gold price hits fresh all-time high of Rs 34,622 per ten grams in futures trade on Wednesday on heavy buying as rupee plunged to its new record low of 68.75 against the US dollar.
Despite recovering about USD 240 an ounce, or more than 20 percent, since hitting a near three-year low of USD 1,180.71 in late June, gold prices are still down 15 percent so far this year in international market. On the contrary, the yellow metal, which plunged to a low of Rs 25,000 in mid-April, is at a record high in India………………………………………..Full Article: Source


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