The Indian farmers are in the confused state of mind, since they cannot invest in Gold, since it is a far away option for them. In the past thirty days, the precious metal has appreciated by eighteen percent. A Madhya Pradesh farmer, Mr. Leeladhar Rajput says that he is in a dilemma in investing his surplus money, since he regularly purchases between ten to fifteen grams of gold. Now, he is considering various other options of investing his money. He is interested in investing with the banks, in fixed deposits. In fact, he is in need of gold, since he has two daughters for marriage.
Like this farmer, most of the farmers are searching for the best interest rates for depositing the money. It is the same trend in Maharashtra, Uttar Pradesh, Rajasthan and some other states. Today, the INR ended the day at 65.54 and in coming days, the yellow metal may come nearer, which is a pleasant news for the farmers.