Gold Price is rais up to Rs 33,000 on Dhanteras

Gold Price is rais up to Rs 33,000 on Dhanteras: welcome to businessnewsportal9. According to the India Hindu Sentiment on Auspicius day on Enchanters having Yellow Metal is fortunate one So price of Gold will cross Rs. 33,000. The Indian Government has been taken certain measurements on import of gold which caused to hike the price.  Government was increased import duty on Gold coins and Bars so in this festive season the coins and Bars may not available much for sail. The Gold price in National Capital was Rs. 34,500 which was all time high price. present the price of  Gold in Mumbai is Rs.31,700 and in Delhi Rs.32,570.

as per the past trade data of Gold the price is fluctating between 20 to 30 percent in year 2012  ib tge Dgabteras data,This year may vary due to he Governement policies.The Gold price if facing  bearishness at present but on the festivel day the price would definately raise. According to the  All India Gems and Jewellery Trade Federation Chairman Haresh Soni  "Impact of high gold premiums will be there on prices on the Dhanteras day  because supplies have dried up in the absence of imports in the last three months due to Government curbs."   Bombay Bullion Association former president Suresh Hundia told to the press "Government has banned import of bars and coins. So, there is no supply to meet the demand for such items on the festival day."  He told the demand for coins has already fallen by 70 per cent and jewellery by 60 per cent from over last year's levels due to government restrictions and rupee depreciation.

The Gold price would be stable for couple of months particularly in these feistive season.