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.