Sharp Fall In Gold Prices,30 Years Record Broken

         In the case of a fall in gold 1 month has broken all records. In the past 30 years, global gold prices have declined the most during May. 6 per cent decline in the economic crisis in America, Europe and Asian markets for government debt crisis is the result of high prices. The fourth consecutive month in January 2000 after the first gold in the international market is declining.

According to statistics, nearly 6 per cent of gold has gone down during May. Before such a decline was seen in 1982. In May 1982 the gold price had fallen by 10 per cent. Gold currently costs about Rs 29 100 per ten grams.

Now those dollars to invest in Europe's financial crisis began.

Meanwhile, the international trade in gold prices rose. Up to $ 1570.20 per ounce gold price went up. States in the gold futures at $ 1571.30 with a gain of $ 5.60 per ounce recorded.

Experts say that the U.S. economy and the financial condition is better then the Euro will increase in demand for gold. Although it is unlikely.