festival the Gold price has been just raised compare to last week it went up to Rs.31,525 it was Rs.28,365 in the last week.
On Friday all most all the stocks in India traded in red ultimately stock market has been closed 769 point low on Friday.
Where as Gold has raised with immense expectation from the Market, It may continue till the end of Austust month and will cross Rs. 33,460 in near future because of auspicious movements for marriage. Gold has been grab the money from the equity market on friday. It was increased in all the major cities in India like Delhi(Rs.31,525),Kolkata(Rs.31,860),Mumbai(Rs.31,470) and in Chennai it was Rs.31,505. On Friday the rupee was hit all time low up to Rs.62 per dollar it is obviously questioning the
India economic situation.
According to the Finance Minister P. Chidambaram some of the highly commendable measurements were taken to protect therupee but still it is not controlling because lack of Clear cut information about all the measurements which was disclosed by Finance Minister recently.
Market Analysts still expecting more details about dollars flow into India and various taxes imposed recently.
Even on coming trading session in India stocks will remain same and the Gold price will continue to rise in this festive and marriage season.
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