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Amid announcement by the Federal Reserve over the launch of an aggressive stimulus plan as a monetary policy yesterday hit the US stock record and gold at a six-month high, seeking investors’ higher confidence to jump into market.
The Fed said it would invest $40 billion in each month into the U.S. economy by purchasing only mortgage-linked debt until the poor US
In Indian domestic market the effect of international exchange ratio has put forcefully as Gold prices hit Rs 30,000-mark today for the first time in India in wake of global prices towards the yellow metal.
On Saturday, effect was started to be see as Gold prices both pure and standard in Delhi hiked by Rs 960/ 10 gram, touching the line of Rs 30,300, while huge hit was likely to seen in Chennai with record of Rs 1,100 per 10 gram to reach Rs 30,380.
