The Indian currency will remain under pressure against currencies of the developed world, supporting the price of gold in the local currency
As the dollar value of gold heads for its biggest annual loss in 32 years, investors feel that the shiny metal has lost its sheen. With a loss of 29 percent (year-to-date in USD), it is the most underperforming investment asset of the year.
(This story appears in the 24 January, 2014 issue of Forbes India. To visit our Archives, click here.)