Why Its Right Time To Buy Gold At This Time | Current Gold Rate Price Today 2015 : Recently The Gold Continuously losing its shining in the India as well as international market. Gold Price Continuously Falls from last Few Months months, Currently Gold Falls Below Rs.25000/10gm lowest of Last 5 Years. This is a Good News For Customers but as well as Bad for Investors & Sellers. The Gold Price Effects the GDP Of a Country as well as reputation of international Market. Dekhnews.com Brings some Effective Reasons that Why the Rate Of Gold Falls.
Why Its Right Time To Buy Gold At This Time
Reasons by which the Gold Rate Continuously Falls
1. US Dollar exchange Rate : Recently, The Rate Of US Dollar Continuously Rises & US Dollar have An Inverse Relation With The Gold. If US Dollars Exchange Rate Rises Then Gold Rate Falls Vice Versa.
2. Rate Of Interest : This Factor also Related To The US, The Federal Reserve is Ready to Increase Interest Rate about 0.25%. The Increase Effects Gold Rate, Gold used only as Investment it Neither provide Interest nor dividend. So,Gold Price are Directly Effected by the Interest rate.
3. China Gold Reserve : China Is also The Main reason For The Fall In Gold Price. China Gold Reserve Rate Rises by about 57% But It is Less Than Expected, Expected Rate Should be more Then 100%. So, That’s a Big problem for China as well as International Market.
4. Greece Back Step : Greece Recently announced as a Bankrupt Country loses control over its economy but Greece Stepped Back From the Exits for now. so that also effects the global economy by effects Investors are Not Interested into gold and silver types assets.
5.Domestic Gold stock : In 2014, India was the top Consumer Of The Gold after China and Higher Domestic Stock shows Higher Impact on Price Movement, this is also a reason for Gold Rate falls.
The Founder of Economics Research & Advisory Said That “We have been highly negative on gold for the last one year. China’s gold reserves were substantially below expectations and the upside of stock markets has taken the attention of investors there away from gold to equities,” and The Price May Fall Another 10-15 % in Next 12 Months.
Current Gold Price In India Is Rs.24949/10gm.
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