2007-02-08 00:12:26 · 8 answers · asked by ANOOP KUMAR H 1 in Business & Finance ➔ Investing
simple economics In countries wherever there is a craze for gold ornaments (like India) the prices are going up whereas in countries where there is no craze its only the global demands that fix the rate and nothing less or more.
2007-02-08 00:23:03 · answer #1 · answered by ssmindia 6 · 0⤊ 0⤋
Golding is going down
2007-02-12 01:55:43 · answer #2 · answered by sindhukannankattil 2 · 0⤊ 0⤋
Right now it's rather stationary after the recent rally. But if you're asking about the future trend, then I can't tell. Gold used to be a hedge against inflation. since inflation is omnipresent nowadays, the underlying long-term trend of gold shound be to the upside. But gold gained a lot of volatility in recent decades. It's price is also related to oil price and other hard assets, which complicates forecasts.
2007-02-08 08:43:28 · answer #3 · answered by jarynth2 2 · 0⤊ 0⤋
I think they may be going up, Gold is expensive.
2007-02-08 08:20:45 · answer #4 · answered by Pauly W 7 · 0⤊ 0⤋
what do you mean going up or not? If you take a look at the statistical data the price started to go up rapidly since 2000 and so far, nothing can change its move upwards.
If you want to see the data for a certain period of time, i can show it to you and give links.
2007-02-08 11:26:18 · answer #5 · answered by jack77mill 1 · 1⤊ 0⤋
going up unbelievably - was £9 a gram a couple of weeks ago and now £10.50 over the weekend. almost double a couple of years ago. bad news for all those who have to buy for wedding obligations.....
2007-02-08 08:17:55 · answer #6 · answered by third space 4 · 0⤊ 0⤋
going up or not? hind sight is a lovely thing if you had it....if i knew i would be sitting pretty with Bill Gates....hahaha
2007-02-10 12:02:34 · answer #7 · answered by bluecow 5 · 0⤊ 0⤋
Not.
2007-02-08 08:16:40 · answer #8 · answered by michaelbeisser 1 · 0⤊ 1⤋