Status: Rs 8,739 per 10 gm on August 2, 2007.
Impact: Over the last month, gold prices have gained nearly 3 per cent. However, year to date prices are still lower by 5 per cent. In the short-term, the yellow metal is expected to remain range-bound. However, in the medium- to long-term, the metal is expected to gain ground, as it will act as a hedge against all investments.
Investments by Mobile Telcos
Status: Telecos will invest $12 billion (Rs 49,200 crore) in 2007-08.
Impact: India remains an under-penetrated market; so, higher investments are expected to lead to more subscriber numbers.
