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Global Gold Price May Fall By 20% - Thanks To Indian Government Demonetization Decision

The global gold prices recently observed uptick post US 2016 President Election result. Gold is always considered as safe heaven & prices of it always go up during Geo political tension. This time around we may observe the global gold price fall due to Indian Prime Minister led government announcement of Demonetizing 500 & 1000 currency notes.

It prompted black money hoarders to rush for gold buy but the government agencies raids on those jewelers alerted the whole system. Now even jewelers in India is also very skeptical in selling gold without taking all papers from the buyer which was not the case earlier.

India is world largest importer of Gold and recent crackdown by Indian Government is going to impact the overall gold impact for many months to come. The lower import by Indian firms will lead excess supply of gold in international gold trading exchange & fall in gold price. It is advisable to commodity buyer to investor investors investing in Gold & Jewelers company to keep tracking the falling price and do not invest heavily.
Please stay away from any future and option category.

Disclaimer: Consult your financial advisor before investing

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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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