India is commonly referred to as a sub-continent and rightfully so. India has not just a varied geography but a varied demography as well. India is made up of a vast variety of people from all walks of life. While Indian religions, cultures, social ceremonies and auspicious days vary from one ethnic group to another, the one thing that remains constant is our infatuation with gold.
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Federal Reserve Chair Janet Yellen commented yesterday that she was “looking forward” to a rise in the US Interest Rate. One wonders what this could possibly mean to the average individual. Well, it certainly means something to anyone who buys gold because this comment led to a major fall in the gold price. In fact, it has slumped to the lowest it has ever been since 2010!