Will gold rate stop rising?

Hi Besthope, the gold price is not even at the peak yet. Some analysts are even saying that gold will reach a peak of $3,000. Now is just $1,500, only half of the peak that people are talking about. I think in the short term, the price of gold will keep going up, until the United States know how to manage its debt. This big country is really lousy in managing economy, only know how to get into more and more debt.

I don't think it will fall, change of 100 rupees in 10 gram gold price is not going to effect small buyers like me, tomorrow is an auspicious day Akshya Tritiya in India, people buy gold siver gemstones etc Today, tomorrow and next 3 days the jewelry shops are giving discounts, price is rising daily, it is marriage season too. Thanks for sharing Cheers. God bless you, have a nice day ahead. Professor ‘Bhuwan’. .

I am not sure if gold will ever lose its value. In this day and age plus the worsening of the economy, gold is about the last thing left here that has any value to it.

Hello, It indeed is shocking the way gold prices are rising every day. My husband is a chartered accountant and he also dabbles in share market. Last year he had told me to invest in gold saying that it will go upto Rs.25,000/- per ten grams. At that time I did not pay any heed to his advise saying I need not buy more as I have got only one child and everything I own will go to his wife. But thinking of middle class people who have to marry off their children - it really must be hard for them. As last month my sister bought one gold set worth 40 grams for her future daughter-in-law for Rs.1,25,000/-. It really pinched me at that time as it as she has still to buy around 100 grams more of gold. At that time I realized how hard it is for a middle class family to marry off their children these days.

Hi there, I absolutely adore gold. When i was married, we spent a lot on jewellery. It is nearly a year now that i am married and price of the gold is still increasing. I don't know if this trend will continue. But for now, We can do nothing but just buy it at its selling rate. I am aware that in Indian Culture, gold is of great significance. It is sad to hear that crime is rising because of increase in gold's price. I hope gold's price will fall in near future!

gold will never fall

Hello besthope44, yes isn't that terrible! We Indian women really like to adorn ourselves with gold but with such alarming increasing in the prices it has become very difficult to buy or rather it has become an unattainable thing for most of us! Yesterday I read about the recent similar increase in the prices of silver. About 8-10 days ago, the price of silver for 1 Kg was INR 50,000 and people went mad and many soldf their gold to buy solid silver bricks as it is now termed a better investment than gold. Yesterday the price of silver was INR 60,000 and today when I opened the newspaper to the page where they update daily prices, it was INR 65,000! I am astonished to say in teh least and wish I had that much money to buy it, then after 2 days when teh price went up further I could sell it and make a neat profit :) :)

i am the one of people who love gold. buying gold is like buy our future. the gold price rose from day to day. not only Indian but also Indonesian use gold to married. some of people who can't buy it or don't wanna use gold, use silver as the dowry. they think not the weddings, but they make a preparation after the wedding