Gold to rise this quarter

• PE firms to exit investments this quarter
• Food inflation soaring to 18% approx and yet to rise the reason being bad kharif output due to uncertain rains in oct & nov can govt really control inflation pressure no how can thay they can only console.
• Since bad kharif output the food inflation is expected to rise to approx 24% and india will have to import food items.
• So govt will have to sell Rs and buy $ to pay for trade this will create demand for $ and so $ will appreciate.
• Since prices of commodities are rising due to inflation gold 7 silver being safest hedge against inflation prices of precious metals will also rise gold seen sm where around $ 1450 an ounce (Rs 22K per 10gms) silver to cross Rs. 55K per kg.Also the IIP nos worried investors in mkt so they shall shift to investment in precious metals and so demand increases and prices will rise.
• Crude to hit $ 110 in few quarters.

KULDEEP
njoi makin mone