How will Gold Prices be affected by Union budget?

The USA is running an annual deficit of 1.5 Trillion dollars a year, and that trend is expected to continue for several more years, even using optimistic projections. This means the U$ government is basically printing 1.5 trillion dollars a year. Inflation makes the price of gold rise.

Grandpa

Both yes and no

Gold rate are international and cues are taken from comex

but it affects Indian rupee and so can affect domestic prices

example - rate of gold in new York is 1100$ an ounce and USDINR is at 47 so gold rate in India will be (1100*47) Rs 51700 an ounces

But budget policy may appreciate rupee to 46 and then gold rate in India will be (1100*46) Rs 50600 an ounces

Here is a graph showing the "inflation-adjusted" price of gold for the last 600 years or so;

http://www.sharelynx.com/chartsfixed/600yeargold.g...

Unless you have reason to think that the world economy (and human nature) have suddenly & dramatically changed in some way in the last few years, gold MUST be going to between US$310 and US$630 in the very near future. Unless history is "wrong" somehow...

(Gold does not "do" anything, it just sits there. That's why it has traded at roughly the same average price since the year 1515!...)

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yeah as roger said. try to find the impact of it on various online trading cos as well as find them on the news channels too.. i have used various trading account and got updates from them.

No one knows.

People from both sides will lie or make figures up.