Something doesn't make sense when it comes to India. In the early 2000's what was gold at? About $285.00 or so? India was buying and still continued to buy up till now? Gold has all of a sudden become too expensive? I don't follow the Rupee, but did it appreciate that much to negate the rise in the price of gold? I don't think so.

They are waiting for a pull back to the $900-925 range to buy again(apparently). So the increase from $285.00 to $925.00 is ok in 9 years but an increase to $1000.00 breaks the bank? Sounds like a bunch of cheap Manitobans have moved to India.

Cheers