In India the gold price is going up day by day. Registering extremely good revenue in the Indian markets, the price is continuously hiking for the last 7-8 years. Recently it has touched to Rs. 19, 050 per 10 grams. But later it has come down from its record level thereby losing Rs 40 to Rs 19,010 per 10 grams due to off take reduction in the existing higher level price among the recent weeks of global trend. This trading sentiment has also influenced the investors to some extent who were shifting their finances from the mass of precious metals to make rise in the stock market.

The rising price for the yellow metal has created absence of retail customers, which also weighed on prices for the traders. Pure gold with 99.9% purity, met a downfall of Rs 40 to Rs 19,010 per ten grams. The gold has billowed for its high rate in yesterday's trade. But the pure gold of 99.5% gained Rs 10 to Rs 18,910 per ten grams. The debilitation in the financial structure of Europe led to the billowed price rate of gold.