Gold prices in India
Gold prices in India is increasing day by day & without limit. Compared to other countries, India is highest in price of gold. India especially is country where gold purchase is more. We buy gold for good occasions, festivals, marriages & many other instances. It is becoming difficult for people in India for owning gold & within one year increase by 600 to 700 rupees per gram is toooooooo much for any one to bare it. It’s high time govt. makes sure to reduce the gold prices so we can happily purchase gold for all good occasions. It is also a very inconvenient for middle class people because it is a tradition that parents of bride buy gold jewellery for her wedding & if gold is not put on her, it is a matter of prestige. So keeping all these things in mind, the price should be reduced at least by 300 rs per gram.
Gold first of all is a dead investment. I have rarely come across amyone who is willing to part with the gold even during extreme emergency.
It is also because of the false prestige, and the tendency to buy gold at any cost that is solely responsible for it being in the sellers market.
Shun gold and see what happens.
SERVICE TO ALL
Today the gold price ahve reached to Rs.12460/10 gram.
The reason of increase in rates is asaid to be downfall of dollars against Euro and increase in rates of crude oil.
possessing gold ornaments is a matter of prestige only…but it is a useless investment …..why not keep cash in hand or at bank ..so that you can use it as and when you want to meet your needs than to show off with gold ornaments …prices are no doubt reaching the heights and for most of us it is beyond reach to buy and keep it for future….