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Women Moving Toward Artficial Jewels From Gold Jewels

Author : angel adams

Submitted : 2012-03-21 07:20:13    Word Count : 434    Popularity:   1

Tags:   Gold Rates, Prize Bond

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Gold Jewelery was as extremely special among Asian women for any event or festivity.It has a main role in wedding getup. Jewelry is not only wore by women on functions but almost all women wear jewellery depending on nature of their professional life.
Increase of gold rates in national and international markets has constrained the public to purchase imitation jewellery, even for brides.
Women of Asian countries gives preference to wear gold jewelry in Past times but now show much less interest in gold jewellery, as they now prefering to buy imitations. Goldsmiths also admitts that the rise in gold rates has changed the whole scenario of the gold market.
An owner of a jewellery shop at Saddar Market said, "Artificial jewellery has gain more attraction, while the record hike of the gold rates has cut the customers' purchasing power and is keeping them at bay."
He also said that in the past, when the gold rates were much low, people buys gold for long-term investment, but even that trend is now changing.
"Now people prefer to buy imitation jewellery, which is much lesser even from silver, and designs are also fabulous," he said.
Another goldsmith in sarafa bazar said, "Certainly the new trend of imitation jewellery is a 'gift' of gold rates rise, which has badly affected our business."
However, the fashion is going to be changed with people are moving toward designer jewellery sets as it does not make a hole in their pocket.
Global price of gold have risen more than 20 per cent up to now in the year, and are expected to increase further more, as falling appetite for risk prompts investors to rush to safe havens such as gold.
"There is a lot of demand for artificial jewellery this year. If you go to any shop you will see a lot of sale of such jewellery. However, if you go to a jeweller's shop you will see that there are very few customers," said Mohammad ibrahim, an artisan.
The price of the Gold on Wednesday soared to Rs 48,637.56 per 10 grammes and Rs 56,670.64 per tola. Checkout latest Gold rates, live Silver price from Pakistan's all major cities like Karachi, Lahore, Islamabad, Multan, Faisalabad, Sialkot, Hyderabad & International (Worldwide) Rates. Finance section of Pakbiz offers live online latest Bullion prices (24K carat gold rates, 22k carat gold rate, biscuit) of Pak in Pakistani Rupees.

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http://pakbiz.com/finance/gold_rate.html
http://pakbiz.com/finance/prizebonds.html
http://pakbiz.com/finance/open_market_rates.html

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