Are you value investor? If yes, buying of gold will be best option for you in this festival season near Deepavali because Continuing its winning streak, gold prices surged 21% to Rs 19,901 per ten gram in futures trade today, driven by firming trend overseas. Moreover, strong demand at spot markets for festivals and marriage season, also influenced the precious metal prices at futures trade here.
Economics Times is also providing latest news that there are also following reason for increasing demand of Gold in 2010.
Possible inflation: Although tame at the moment, inflation might rekindle if Uncle Sam pumps up the money supply. Government gold purchases: Sovereign wealth funds in India, Saudi Arabia and other countries have been buying physical gold, pushing up the demand. Link