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Gold prices

Discussion in 'News & Politics' started by g3sudha, Jan 11, 2012.

  1. g3sudha

    g3sudha IL Hall of Fame

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  2. sublakshmi

    sublakshmi Bronze IL'ite

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    Thanks for sharing such a valuable information. The prices have gone too high only past 3-5 years. Imagine the prices after 5 years!!!!!!!!!!!!!!!!!
     
  3. rkgurbani

    rkgurbani IL Hall of Fame

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    Gold must probably be the only commodity with such sky-rocketing prices and always in demand...

    Thanks dear for the info....
     
  4. orion80

    orion80 Platinum IL'ite

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    Thanks for the info Sudha.

    Once i read that India imports few tons of gold every month to meet its demand. This does not include recycled/exchanged gold.

    One of the major reason for such demand is the traditional way of considering gold purchase as an investment. Add to this the huge amounts of gold purchased for weddings.
     
  5. manjubashini

    manjubashini IL Hall of Fame

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    thanks for sharing the info sudha. Our indian marriages play the major role in price hike. Still they are giving 100 soverigns and 200 soverigns for marrying their daughters when its going to change
     
  6. rkgurbani

    rkgurbani IL Hall of Fame

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    Gold stands strong as a status symbol in majority of our country.

    To keep up with status, the amount of gold given away in marriages is tremendous. There are families who may not be able to have two good meals, but during their daughter's wedding, they just pull all their resources and even take loans just to fulfil this demand.

    As for investment, yes, Gold is still the most sought after method. Be it in the form of jewellery or in just plain sealed coins/biscuits.

    Hence, the ever demand for gold no matter how much ever costky it becomes...
     

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