Gold cheaper

gold-lowThe gold rate decline continues as 10 grams of 24 carat gold in the bullion market costs Rs 25, 475 after a fall of Rs 450 when compared to yesterday’s prices of Rs 25, 925 for 10 grams which is rather first
time after February 2010. Silver also showed a downward trend as a kilo of silver slumped to Rs 33,650.gold rates fall had been attributed to rise in dollar rates and also estimations that America Federal Bank will raise the interest rates according to market experts. They also asserted that gold rates may further fall in the near future.

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