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Gold price declines sharply in India today and the forecast for gold prices

Wednesday, June 23rd, 2010

Gold price fell sharply reduced during the day in India. Today gold price in India was lower than on the global markets for 5-7 dollars per ounce. The debt crisis in the eurozone pushed investors to invest in gold, which led to an increase in purchase of gold coins and ingots on the world market, as well as to higher prices of stock exchange index funds, secured this precious metal. Gold reserves of the largest fund SPDR Gold Trust reached a record 1,200 tonnes, valued at 46.88 billion dollars.