Gold has glittered and created new high with its price jumping over 50% in the last one year. In international markets, gold surpassed $3,000 an ounce on March 14, while in India, gold rate today is Rs 87,970 per ten grams. The recent surge in gold prices is due to the R-word – recession, which now seems to have taken centerstage.
Bullion market gets quick spikes intermittently due to many global factors.
