Gold Price
Gold price is rising day by day & it is becoming very difficult for a common man to afford buying gold. Especially in India, it is a tradition that people buy gold on festival & wedding ocassions. But the way the gold price is rising, it is becoming impossible of thinking of buying gold jewellery. There was no reduction in the prices of gold in this year’s Budget (Budget 2008). It can also lead to problem to public in some ways. for example it is a compulsary tradition in indian marriages that bride’s parents put some gold to the bride on the ocassion & also buy some gold chain & bracelet to the groom. So for middle class people who are getting their daughters married, it is hard for them to afford buying gold at such a high price. Just in matter of 3 years, the price has increased from 600 rs per gram to 1300 rs per gram which is more than double.
It is time world gold council think about reducing prices at least by 300 rs per gram. What do you think. Please provide your valuable comments.
jmalhotra
day by day and one cannot afford it if need to buy immediately for any purpose..so I feel that reduction in the price will definately give some relief to the ppl who want to buy for some purpose…and otherwise…as it is taken as an asset and investment for future and also a mark of status for some
Hello,
At the outset let me ask you, as to on what basis you expect comments to your blogs, when you dont seem to be posting any of your comments on others blog. Moreover you are also supposed to review the comments by others, and if need be clarify your stance on the comments.
Anyway since you have asked for a comment, let me tell you that the prices are increasing, only because it is in the sellers market. Avoid gold for some time and you will see the reaction of the prices.
Any
Regards,
SERVICE TO ALL
IN FEW YEARS ONLY THE MILLIONAIRIES WILL BE ABLE TO BUY GOLD . I THINK OF THOSE DAYS WHEN GOLD WAS 500 RS PER 10 GMS & PEOPLE USED TO SAY HOW EXPENSIVE THE GOLD IS . ACTUALLY MOST PEOPLE HAVE GOLD OF THEIR GRAND PARWENTS TIME .
Investors who r drwn out in stock have an eye in investing in golds as still there r chances of increasing the rates further.
The virtue lies in the struggle, not the prize.
-lkjhgf