Despite being the festival season, the gold rates have come down. There is a recession in all the sectors, but Gold business is going on. People are of the opinion that it is wise to save money or park the extra money in the form of Gold.
Some of them who keep money in the form of big denominations are now switching over to Gold. The Rs 2000 notes are being converted into Gold it is reported. The Gold which hovered around Rs 40000 per ten grams has now gone down to Rs 28000.
The gold rate has come down by Rs 2000 which is very significant for the buyers.
There are expectations that the gold rates may go up for the Diwali season. But all said that and done it may not cross the Rs 45000 mark for the 10 grams that is being called as one Tola.
On the other hand, the silver is hovering around Rs 45000 per Kg. There is huge demand for the Gold when compared to Silver.
