Gold may top $1,000 in 3 years: Morgan Stanley.

Gold may jump above $1,000 an ounce in 2011 as global mine output drops, mining costs rise and demand increases, Morgan Stanley said. Mining production actually peaked in 2001 and has since been declining, the bank''s commodity analyst Hussein Allidina said in Singapore. "When I look at the demand side, as income growth accelerates, the consumption of gold for jewellery purposes increases.

Gold climbed more than double in the past six years and reached a record $1,032.70 an ounce on March 17 as the dollar slumped and oil advanced, increasing concerns that inflation would accelerate. In the past eight months, the precious metal plunged 31 per cent as the dollar rallied, oil collapsed and the global credit crisis pushed the world toward a recession.

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An estimate of Indian GDP according to various sources.

India’s GDP growth rate is at 9% in the last financial year. See how things are changing drastically.

RBI:- GDP growth rate for FY09 to 7.5-8%.

Prime Minister's Economic Advisory Council: GDP growth rate for FY09 to 7% from 7.7%.

Morgan Stanley: GDP growth rate for FY09 to 7% from 7.5% and for FY10 to 5.7% from 6.5%.

Goldman Sachs: GDP growth rate for FY09 to 6.7% from 7.5% and for FY10 to 5.8% from 7%. Massive downgrade.

Fitch Ratings: GDP growth rate for FY09 to 6.3% from 7.8% and for FY10 to 6% from 6.8%.

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