International drop down in Gold prices

A drop down was witnessed in the international Gold prices after a continuous rise in the prices. According to experts, due to uncertain economic conditions prevailing in the world increased investment was seen in Gold and other precious metals whereas the prices also increased because of increased purchasing on the festival of Diwali by the biggest buyer of Gold India. On 8th November this year per ounce price of Gold reached a historic high when it became 1424 dollars. However after this tremendous rise in prices there was a drop down. At the end of last business week per ounce Gold price came down to 1365 dollars.