WHAT WILL BETHE GOLD PRICE IN NEAR FUTURE
Gold prices are shoot up 20 to 30% comparatively, last four years. what will be the reason, is it a real demand of gold or just like a trading gambling. what will happen for the gold price in near future. is it safe to invest on the gold or can we wait for the lower level.
thanks.
I bought this simple earrings, saudi gold, 22k, 3 grams for 450 rial which is coming to 150 per gram. Is the 80-90 per gram rate applicable to raw gold? If yes, these guys are adding at least 60% for the final price. Is this actually reasonable? Since not everyone buying the raw gold, the final price is the more relavant topic.
Following are the reason due to which Gold price varies:
1- if the share market fluctuates,most of the persons invest in gold considering as a safe investment.
2- When demand rises and more consumtion take place, this generally happnes at the time of marrige ocassions, festivals etc.
3- It become expensive as doller weakens.
Based on above my personal opinion is that, may be, after x-mas and new year the price of gold go down provided that the share markets of the developed countries (US)remain stable.
Good luck
I read some articles and taken some advice from ppl about the same question...
My conclusion is to wait till 1050 and then buy ... its artificially high at the moment, market will correct itself in near future... but alot of ppl say it will not fall below 1000 anymore... unless we get invaded by another planet .. :) ...
So, I would wait for a while ...
Yasir.
You really expect a technical advise on Gold Trading for free?
STATISTICS SAY THAT GOLD PRICE WILL FALL IN NEXT 2,3 MONTHS. SO YOU CAN WAIT FOR SOME MORE TIME
Next Wednesday at 11.30 am the gold price per gramme will be 82 Qr. in Qatar.