Gold prices go below Rs 25,000 – lowest level in 4-years

Gold appears to be losing its sheen. Usually considered to be a safe investment, the price of the yellow metal is going downhill - its slide is continuing for the fourth consecutive day and dipped below Rs 25,000 by losing Rs 40 to trade at over four-year low. It was of Rs 24,980 per 10 grams at the domestic bullion market and was trading at five-year lows in the global market.
This has been reported in zeenews.india.com dated 7 August 2015.

Moreover, retailers are postponing their buying plans hoping for further dip in prices.
Of course, silver has recovered some ground and rose by Rs 100 to Rs 33,800 per kg.
This drop in prices would be a boon to those planning weddings of preparing for the upcoming festivals and can now afford to buy the gold ornaments.
(Image courtesy wikimediacommons.org)

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