Though international gold rates are most likely to fall in coming 1-2 years or so coz of US tapering of QE and thus strengthening of USD. But since with coming of new Governor of RBI, R.R. Rajan Current Account Deficit of India has narrowed to a great appreciable extent, so Indian govt. is likely to lower taxes on gold imports a bit causing gold prices to fall. Gold import was second biggest reason only after oil and gas imports for high CAD of India.
For long term it (over 10yrs) it can be a good investment but for recent 1-3 years, I think, it may not be good.
Very soon GOLD is going to fall; so you should wait to buy it for at least 2 months
In India, buy gold or realestate whenever you have money. With high inflation, purchasing power always go low.
Hi exprts,
Shall i purchase gold in this month or shall i need to wait next month ie next fiscal year,bcoz i heard that Indian govt has decreased he sales tax, so is it available for gold also or is there any chance of price decrease in next month ?
Please do needful at earliesr
Regards
Madan
