Gold still a good bet for investors: SK Jain

Currently, gold rates are high because of the ongoing war in Iraq. If geo-political tension escalates in Middle East, the gold rates are expected to up further.

`Govt may relax gold import duty by 2-3%`

Gold might trade in a range of roughly between Rs 25,000-Rs 28,500.

High duty failed to curb Indian gold imports

The higher gold and oil imports were also responsible for a record high current account deficit (CAD) figure in 2012-13.