14 Jul 2011 09:15

Joined:	16/02/2011
Level:	Diamond
Points:	5747

Points:	5

Gold Price Crosses 17,200.

The price of Gold for 8 grams (Pawan) reached Rs. 17,200/-. The increase is at the rate of Rs 20/- per gram in one day. Of course the prices of all items are very high. The prices are subject to the rule of supply and demand.

While the essential commodities cannot be avoided as the life depends on the same, items like gold can be boycotted so that the prices will come down. As far as Kerala is concerned, it can be observed from the advertisement that on an average a new branch or a new brand is being opened in a month. In addition there will be openings without the advertisements. This shows that the price rise is not a deterrent for the purchase of gold to Keralaites.

After buying the gold with such exorbitant prices, the peace of mind also sacrificed just for the show off. Because of the price the thieves and robbers and chain snatchers will do all to defraud the gold from the unsuspecting victims.

#4339

20 Jul 2011 05:49

Joined:	16/12/2009
Level:	Gold
Points:	5293

Points:	3

The gold price may go up again, from the trend it is to be assumed. The increase in gold price has not affected the purchase level in Indian market. During the last year (2010) the demand of gold ornaments in Indian market was 746 ton, which was 69% more than that of the previous year.

The per capita use of gold during the year 1992 was 0.31 gm., which has almost doubled to 0.61 gm. In 2010.Almost 75% of the gold purchased in India are used for making ornaments.

T.M.Sankaran
Gold Member, SPK

#4341

20 Jul 2011 07:20

Joined:	10/10/2010
Level:	Gold
Points:	504

Points:	2

Hello Ramanathan A R Sir,
You are right that day by day the prices of gold are increasing. I think in future gold jewels will be rarely found.
With Regards,
-Gopal Singh

Gold Price Crosses 17,200.

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