rise in gold price
By deepamoorthy
@deepamoorthy (239)
India
November 24, 2009 11:24am CST
you all know how the rate of gold is increasing .does the rise in gold affect your purchasing power or your earning has increased acordingly.will all the people get same volume of gold as they got earlier for marriages or will they reduce the purchase of gold.how far will u think the rise in price will lead to dowry problems.
2 responses
@priyavivek (681)
• India
25 Nov 09
hi deepamoorthy,
really i am much worried about this rise in gold price. i have sold out my jewels only a month back for buying a new flat and only for less price. i think the price will be high only during deepavali times and after that it will become down . so i have sold my jewels. what to do ? nothing... definitely for middle class and lower class people gold is going to be a dream only if it raises in this way.
@deepamoorthy (239)
• India
25 Nov 09
yeh even i am worried about it .i have a girl child i have to save for her .lets see
what to do .
@tutul0045 (2630)
• India
24 Nov 09
Hi,
Indeed gold prices are going crazy. A freind of mine is in diamond business and told me to buy gold as quicky as possible becoz he feels that its going to go up even more.
I believe buying gold is the safest way to invest. I dont knw about dowry but soon people will not be able to give gold as a dowry becoz its going out of reach.
I think investing in silver is a good option too as its not too far behind.
Cheers,
Tutul
@deepamoorthy (239)
• India
25 Nov 09
thankyou for advice and responding to my disscussion.investing in silver is also a good idea
