Retail Reels Under Gold Price Hikes
Source: Telegraph, Poulomi Banerjee (8/9/11)
"For brides-to-be in India, waiting for the price to dip is not an option, as further price increases are expected."
Anindita Sinha, 27, is feeling the pinch—or rather punch—of the galloping gold price and she can do little to duck it.
"I am getting married in winter, so I have to buy gold now. Because of the hike we are looking for lighter options. My parents wanted me to buy solid gold bangles, but now we are thinking of hollow ones." For the brides-to-be in town, waiting for the price to dip is not an option. "What if the price rises further?" she asks. . .View full article