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30 Apr 2009

Historical Gold Prices to Visualise Investment Potential:

1. Indians investment in gold has been associated with a festival i.e. Diwali for a long time; however offlate the trend of gold investment on the day of Akshaya Tritiya has become the trend as investment on that day is considered auspicious considering Lord Parshuram association with it. Due to Akshaya Tritiya flavour high prices took sheen off gold sales on the said festival. Despite high prices a heavy increase in sales has been registered.

2. Historical Gold Prices helps one to get a correct perspective and safety of an instrument.History of gold prices (in rupees) is as stated below:
1930: 18 per 10 gram
1940: 36 per 10 gram
1950: 100 per 10 gram
1960: 111 per 10 gram
1970: 184 per 10 gram
1975: 540 per 10 gram
2000: 3,000 per 10 gram
2006: 5,400 per 10 gram
2009: 15,700 per 10 gram.

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