Gold Price drops more than 35 Dollars in one day: 1 July 10

Rate of gold has dropped quite a lot today. It was a 35+ dollar decrease : )

For many investors, today must be an eventful day: some buyers may have sold their share of gold for less price in result of the panic that was created because of the selling pressure.

This was one of the biggest drops that are recorded in the past few months.

Gold price is so much volatile these days so all the investors, who wish to invest money in this metal, should take decision wisely.

Some experts believe that this correction was due and that there is no need to panic as in the upcoming days, gold price will most probably, stabilize.

Today was a profit taking day for many people: heavy selling was seen.

Today, the safe heaven was not that safe : )

1. NIB Bank may get into the Defaulter’s List at KSE
2. Pak Rupee at Record Low Level against US Dollar: 12 July 10
3. Very low share volume recorded at KSE: 1st July 10
4. US Stock Markets remained closed on Monday 5 July 10
5. For a Third Day in a Row, Gold is making a New All Time High Record: 21 June 10