Monday 31 August 2015

Quote of the day 31st August 2015



“We view gold prices in 2020 will be averaging at $1450 and USD-INR will be averaging at same time will be averaging at 72.5. That is a 11% depreciation in INR and 28% appreciation of gold in dollar terms from current level.”

Sudheesh Nambiath, Senior Analyst- Precious Metals, GFMS, Thomson Reuters



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