Price for gold of India climbed to a new all-time high during the week. While the Indian rupee lost ground again fell short 10-week contract, future of the nation’s benchmark gold soared another 3% on Multi goods Exchange assistance price Gold face to reach new record high of 26,200 rupees per 10 grams. The Indian rupee ´ s losses, mainly caused by the hiding place of the global stock markets as investors Shun risk. India’s benchmark index, Nifty, suffers from strong sales in recent weeks, since many investors are looking for both people such as gold.
Investors in India was already very nervous in recent months produced due to the European Union before enlargement ´ s of sovereign debt crisis. After rating agency that p & ‘s cut the credit quality of the United States from the AAA AA + last Friday, have increased concerns. This week’s large capital markets in ´ losses has dampened global investors in India, in reply to battle on global stock markets, investors were forced to descend to the rupee lower 10 hours a week. Increasingly, global investors are fleeing India ´ s capital markets began in the capital city of their home countries. However, Meyer gold lighter than ever in the world, the phenomenon of expansion in face of the crisis in ´ s debt, because investors want to protect their capital by purchasing other tangible and intangible assets, the yellow metal.
After us and European Central Bank (at) announced last week that it will begin purchasing Government bonds in many Italian and Spanish, an investigation or not to US Federal Reserve will be forced into more asset purchases. A growing number of market participants viewed the Federation – as opposed to official statements declare soon the third around quantitative easing (QE3). Such a step was likely to support capital markets. However, a potential extension of program acquisition of bond Fed ´ s could have long-term negative effects on the market, as well as the external value of the US dollar. However, precious metals such as gold, silver, Platinum, Palladium, is probably among the main beneficiaries are of such a development.