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In the past few months, it wasnt really possible to believe that the price of gold would go up to $1000 per ounce and above. But when it did, it was a sheer surprise. We are not expecting the price of gold to go up even further and there are countless reasons for the rise in price of gold. Gold is very much in demand in many countries like China, India, Bangladesh and Pakistan and there isnt any probability of the price to fall. Gold is used in all these countries as jewelries and ornaments also apart from being a potential investment vehicle so they buy gold and sell gold often.