Bangalore: Gold, the glittering yellow metal, has always been a part of Indian tradition and culture. Gold is widely used in India as a form of offering to Gods and in marriage ceremony. If you are planning to buy or invest in gold, 2013 may come out to be either bliss or a woe.  

Societe Generale, a leading European bank, has forecasted that 2013 could be the first year after 2000 when the price of gold may fall down, according to Business Insider. However the bankers are not completely sure about gold price fluctuations, and hence they have presented both the bullish and bearish arguments and factors which can probably influence the gold price this year.

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Let us look at the factors that will decide the gold price this year:

1. The Value of the US Dollar

One of the crucial factors which regulate the price of gold is the rating of the U.S. dollar. There is an inverse relation between value of dollar and price of gold. When the dollar gets stronger, gold price falls, and when the value of dollars is weak, gold price rises high. However, the U.S. monetary system plays a significant role in controlling or shaping the global economics and even the gold price.

At present, since the U.S. economy is suffering due to poor market situation and sentiments and the rating of dollar has also fallen down, chances are high that gold will become more expensive.

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