Comment about the expected Gold price, as per your view on this thread.
This will be of interest for many, as lots of people in India own gold in physical form and many people trade in Gold as well. Some people have also invested in Gold Mutual funds and the trend is rising as per recent reports from commodity exchanges.
ICICI Bank, HDFC Bank, Kotak Mahindra Bank and other private sector banks are promoting gold coins heavily as they get good commissions on selling them. Every time i go to private banks, some of their employee will ask me to buy some gold coins. I have to decline them always.
The Gold prices have been rising for past few years. What price do you expect the gold to touch in year 2012 ?
Are you looking at Gold touching Rs 30000 level in 2012 ?
Or will it come down to 20000 or even less.