Rising Gold Prices

Rising Gold Prices indicating the true picture of the economy, closing rate on Friday (20-Nov-2009) was 31,800/10gms which simply means out of the reach. People have already shifted to artificial jewellery but now even rich cannot afford to buy gold. Gold was a premium choice for mid income groups to offset the effect of inflation but the trends have shifted to an alarming situation, people are losing there jobs gold traders are not investing much in gold, they are trying to diversify there risk by shifting to other businesses. The role of government is clear in this whole situation.