Gold prices in USD terms are down 11.9% since August 2011, reflecting the money moving away from gold (seen as a safe have asset in times of crisis) to equities. US equities are up 18% since August 2011 as worries of market collapse on the euro zone debt crisis ebbed away. In the same period, the INR has depreciated by 19.5% against the

USD on the back of inflation in India that averaged over 9% in 2011. Read More