Gold may fall to Rs 23,000

15TH_GOLD_1428839fGold seems to be losing its glitter as the prices showed a downward trend in the bullion market for the last two days and there is a likelihood of falling to Rs 23,000, if the estimations of market experts are correct. The 24 carats gold started coming down from Rs 25,000. The yellow metal’s demand has decreased as investments on it fell down in the market and diverted to dollar. Sequel to this downward trend, as observed by the middle classes, buyers were rushing to gold shops but the trend may change after Deepavali festival, according to another estimation.

Medaram Jathara

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