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AskketulOct 15, 2011. Factors effecting Gold price in 2011. Let us look at some of the factors affecting prices of Gold in India:. 8211; Gold is traded all over the world, hence its price is maintained in USD. The recent USD prices have been fluctuating as it has its bearing on gold price. The US has seen major turmoil in its economy and this has affected the USD adversely. It is not expected to stabilize in the near future although it looks to strengthen a little on good job numbers. Inflation and Interest rates.
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