vishnuvega
29-06-2008, 06:53 PM
With gold prices are now within sniffing distance of the all-time high of Rs 13,112 per 10g, Ketan Shroff, one of India's biggest bullion merchants, said that if the depreciation of the rupee continues, gold prices will remain strong in the near future. Avadhesh Agrawal, president of the Delhi Bullion and Jewellers' Association, also predicted that the price of gold would cross Rs 15,000 per 10 gram in a few months because of the rise in the crude prices and weakness in the Indian currency.