In this article we will discuss on fall in Gold price for year 2017.As Bank
rate is stable at 9% per annual, and gold is not showing any sign of
improvement.We predict that gold price may fall below Rs 20000/- in next few months say
after the marriage season by end of June 2017.
Why not to purchase gold in year 2017, I will give one example to both
the one who already have purchased god at lower price and one who is willing to
make new purchase.
Reason why gold price is falling that quickly
Suppose you have purchase gold at Rs 20000/- and present gold price is Rs
26500/-.As per the Gold trend the gold rate will be around Rs 27000/- for next
year, so you make only Rs 500/- profit for keeping gold for 1 year (
500/26500X100= 1.88% p.a).
If you have sold that Gold and deposited same money at national bank than
your profit will be Rs 2385/- ( 9% of Rs 26500).
Gold rate will be around Rs 17000/- in India in 2020
Gold kept for one year = 26500+500=
27000/- (profit of Rs 500/-).
Gold sold and keep fixed deposited at bank = 26500+2385=28885/- (profit of
Rs 2385/-).
There fore after Five years Gold price will be around Rs 17000/- in India.
Sale old Gold and make profit from Bank Deposit
My this Article is specially to give advise to poor people in Karnataka and
Goa not to invest in gold instead resale old gold stock with you at home and deposit
same in Bank.Many people in Village are poor as they purchase excess gold and keep and
not earning any interest
.I advice then to deposit the money in bank.
