Gold hot Sour To Medium Class Parents

Gold prices rises About 25 % from last year. IN 2008, Gold prices in MCX around Rs 14000 & in Comex $ 900. But this year Near the Marriage season in India Gold prices up 25 % + all the daily needs like food , clothes & water is also get costlier.

Gold is best source to hedge against inflation . But Gold at near 18000 in Indian retail Markets . Medium salary & Business Class parents unable to give Gold pendants, jewellery sets. in this Children Marriages. Because they have only 2 - 3 lakhs for each child.

But Now a day , In Rs 2 lakhs they have to buy a few things. Demand of Gold in Indian Markets remain decreases. Demand of Diamond jewellery filled with less costlier metal in Place of Gold Increases.

Demand Of Artificial Jewellery Took Growth of 300 % From Last 2yrs In Indian Market.

According To the Latest Statements Came From Fed's & ECB Meeting gives Downturn To Gold Prices In Next Year. They Do not want to Renew Easy Loans To Banks by Which they Directly Fuse The Bulb Of Inflation & Dubai Crisis Is Also Consideration.

We See Gold prices at Rs 12000-15000 for next Year Aug – Dec 2010 .