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| Article Name : | | | ALL THAT GLITTERS : ANALYSIS OF MOVEMENT IN GOLD PRICES | | Author Name : | | | Shelly Gupta | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-5218 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | The price of gold in the year 1991 was Rs. 3466 per 10 grams but in the year 2011 it was Rs. 26,400 per 10 grams. Gold prices in this period of 20 years have increased by about 661%. How did such a huge price hike take effect? The wonder of gold lies not just in its aesthetic and ornamental appeal, but also in its economic and investment appeal. Being one of the most liquid assets, it has long attracted investors and common men alike for its investment value. During the 1990s, owing to factors like liberalization of gold import, rapid economic growth and favorable gold price movements, gold consumption experienced a steep hike. Since then, gold prices in the country have been on a rise, due to both domestic and international factors. | | Keywords : | | |
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