From a peak of Rs 32,500 per 10g (24K) in November 2012, the domestic price of gold has come down to Rs 25,775 currently - a 20.7 per cent fall in just seven months.
During the same period, international gold has lost 29.4 per cent in value.
The lower fall in domestic prices can be attributed to the rupee's depreciation and increase in import duty.
International gold prices peaked at $1,900 per ounce in September 2011, from where it has fallen 35 per cent.
Gold has thus lost its sheen as an investment option.
Text: y DP Jhawar, Business Standard