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Apr 25

Gold Rate In 2012 – Gold Rate Prediction in 2012 in India

Gold Rate In 2012 - Gold Rate Prediction in 2012 in India

Gold Rate In 2012 - Gold Rate Prediction in 2012 in India

Last year, the Gold Prices were quite volatile. The precious metal underwent some record breaking patterns in 2011. The London fixed price of gold hit $1,895 twice in early September. Spot gold prices for immediate settlement, also known as gold futures to some, briefly cruised to $1,916 per ounce around the same time. Year-to-date, the precious metal is up 25% — with very few periods where gold moved down instead of up. The investors who invested in Gold last year were nicely rewarded. But, what is gone is gone; investors are interested in future more than think about the past. How will the year 2012 bring change to their investing portfolio?

It was predicted that, in 2012, the volatility will be smaller and that there would be excellent interest in gold. On the global front, as soon as the euro turmoil as well as the U.S. downgrade, everyone is mostly considering gold in lieu of stock along with real estate property.

Nearer home, if we see the case of India, Gold jewellery demand in India, a major global market, was estimated to rise 5 to 7 percent in 2011 and was set to grow a further 10 to 15 percent last year with bullion prices falling back after recent gains, the head of India’s biggest jewellery retailer said on Sunday. India’s jewellery demand dropped 26 percent in the third quarter of 2011 to 125.3 tonnes, hit by strong price swings and a weaker rupee, the industry-funded World Gold Council has said.

The price tag on gold provides increased 22% over the course of 4 seasons last year in order to report levels, plus some authorities believe the price continues to rise to 2012. Single expert forecasts gold will bounce all the way to $2,200 one ounce within returning weeks, understanding that this may daring nicely with regard to gold traders which find the steel as well as gold exchange-traded cash. A couple of gold futures worthy of watching consist of Alamo Gold Inc., Eldorado Gold Crop., along with The Tocqueville Gold Fund as exploration companies observe far more cash flow in the go up regarding gold price ranges.

At the beginning of 2012 the gold price had increased on an annual basis in each year for a decade. The gold price started into the year 2012 at US dollars 1,599.6 per ounce. Over the full year 2011 the price of gold had increased by more than 12% despite the two dips in September and November/December. This made 2011 the tenth consecutive year in which the gold price increased. By end of March 2012 the gold price had further increased to roughly US dollars 1,660, i.e. approximately by 3.5%.

To understand the price fluctuation better, following are the graphical and tabular display of the change.

Gold Prices

Past Trend Present Value & Future Projection
London Fix. US Dollars per troy ounce.
Gold Rate Prediction in 2012 in India

Gold Rate Prediction in 2012 in India

 

Gold Price Forecast

London Fix. US Dollars per troy ounce.

Month

Date

Forecast
Value

50%
Correct +/-

80%
Correct +/-

0

Mar 2012

1,673.8

0

0

1

Apr 2012

1,642

21

47

2

May 2012

1,693

27

61

3

Jun 2012

1,720

32

71

4

Jul 2012

1,680

35

79

5

Aug 2012

1,732

38

85

6

Sep 2012

1,696

41

91

Updated Thursday, April 25, 2012