Bro like other countries in India Gold is not bought by traders
Most still have gold bought by there grand parents more Gold coming down more increase in sale as can be bought by lower middle class for marriage of kids
people who bought gold at 30k or at 32k wont be crying as all buy for longer term you can check by going to any jewellery shop nobody is coming to book loss or no large scale suicide by people on gold coming down
I only said crying......book loss??? suicide.....lol
from 6k to 33k+ in last 10+ years return on gold is good and that temptation wont end till we have Mata Lakshmi in our house reminding us importance of Gold everyday
One more thing want to add in last 30 years or so no new Gold mine came in picture
What you mean by last 30 years??? Did you mean New discoveries or New mines??? as both have come into picture, dont read third grade articles supporting gold. Porgera Gold Mine started its production in 1990 and many smaller but significant productivity mines are ther in New Ireland which started their production post 2000 google for more, and if you want to talk about discovery a major one was discovered in 2008 in Alaska. and lower the Gold higher the production cost in every mine Jai Shree Ram