GOLD PRICES TOUCH RS 67,000 PER 10 GM, DEMAND SLOWS BY UP TO 60%

Goldsmiths often told that the rising rate of bullion does not deter festive buyers and investors. The first has a pressing need to purchase while the second is mindful that the value of the precious metal will only appreciate.

However, this past week since gold broke the psychological barrier of Rs 65,000 per 10 gm has indeed witnessed a dent in demand for various reasons. On Friday the price of 24 carat gold stood at an astronomical Rs 67,000 per 10 gm. Bullion traders say it is a matter of days before the Rs 70,000 fence is breached.

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