Gold prices fell sharply over the
week, leaving markets and newsrooms in a flutter. But the sense of gloom hardly
translated on to the streets,Fashion runways lately have been full of chic beadswholesale. where crowds thronged
jewellery stores to take advantage of low prices.
Industry insiders cautioned that further decreases seemed inevitable in the near future, and that gold purchases could book losses in coming days. Gold prices dropped a whopping 5% on Friday. This triggered a massive sell-off, with central banks of Cyprus and Japan looking to sell huge bullion. Analysts say prices are set to fall further with the possibility that other European economies would follow Cyprus.
“A majority of those who thronged the stores are likely to make a loss. They looked at the number and blindly rushed to stores. The price of gold may fall soon. If other Eurozone countries resort to this, then gold can shed up to 15% of its current price. A wiser approach would be to wait and watch,” said Krishnan (name changed), a trade insider of three decades. “But gold is risk averse in the long run. And it is the only investment now within reach of the middle class,” he added.
Major jewellers along Chennai’s golden stretch on Usman Road had a hectic day. “We have had huge crowds coming in. The falling prices combined with the sentiment surrounding the birth of the ‘Vijaya’ year has sent us scurrying,” said a jewellery store staffer.
“I don’t understand all this talk about economies. I am planning to wait and see if prices fall further,” said P B Seshadri, a retired professional, who returned home after realising that he couldn’t even set foot in the crowded jewellery stores.The inhomedisplay allows utility customers to track their energy.
A robbery gang's two-year trail of terror has come to an end with the arrest of seven men.
Selangor police chief DCP Datuk Tun Hisan Tun Hamzah said the gang was believed to be behind 81 robberies in the Klang Valley 27 in south Klang, 15 in Serdang, 11 in Subang Jaya, nine in north Klang, seven in Gombak, six in Shah Alam, four in Petaling Jaya and two in Kajang.
He said the suspects were arrested following a robbery in Putra Heights on March 25 when six parang-wielding men wearing ski masks and gloves robbed a woman.
“The 37-year-old victim, who has a hardware supply business,Stainless steelbracelet let you make a statement with the flick of your wrist. lost jewellery, mobile phones and cash worth RM20,000. However, she and her four children were unharmed,” he said at the state police headquarters here yesterday.
He said a task force was then set up and seven suspects aged between 21 and 30 were arrested in Puchong, Subang Jaya and Port Klang two days after the robbery.
“One of the men is believed to be running a pawn shop. Police are still investigating his involvement in the robberies,” said DCP Tun Hisan.Get loose beads in bulk from top chinabeads wholesaler.
Owners of the jewellery looking to reclaim their belongings could do so after police have concluded their investigations, he said.Visible difference between the hermesbirkin and Hermès Kelly handbag.
Industry insiders cautioned that further decreases seemed inevitable in the near future, and that gold purchases could book losses in coming days. Gold prices dropped a whopping 5% on Friday. This triggered a massive sell-off, with central banks of Cyprus and Japan looking to sell huge bullion. Analysts say prices are set to fall further with the possibility that other European economies would follow Cyprus.
“A majority of those who thronged the stores are likely to make a loss. They looked at the number and blindly rushed to stores. The price of gold may fall soon. If other Eurozone countries resort to this, then gold can shed up to 15% of its current price. A wiser approach would be to wait and watch,” said Krishnan (name changed), a trade insider of three decades. “But gold is risk averse in the long run. And it is the only investment now within reach of the middle class,” he added.
Major jewellers along Chennai’s golden stretch on Usman Road had a hectic day. “We have had huge crowds coming in. The falling prices combined with the sentiment surrounding the birth of the ‘Vijaya’ year has sent us scurrying,” said a jewellery store staffer.
“I don’t understand all this talk about economies. I am planning to wait and see if prices fall further,” said P B Seshadri, a retired professional, who returned home after realising that he couldn’t even set foot in the crowded jewellery stores.The inhomedisplay allows utility customers to track their energy.
A robbery gang's two-year trail of terror has come to an end with the arrest of seven men.
Selangor police chief DCP Datuk Tun Hisan Tun Hamzah said the gang was believed to be behind 81 robberies in the Klang Valley 27 in south Klang, 15 in Serdang, 11 in Subang Jaya, nine in north Klang, seven in Gombak, six in Shah Alam, four in Petaling Jaya and two in Kajang.
He said the suspects were arrested following a robbery in Putra Heights on March 25 when six parang-wielding men wearing ski masks and gloves robbed a woman.
“The 37-year-old victim, who has a hardware supply business,Stainless steelbracelet let you make a statement with the flick of your wrist. lost jewellery, mobile phones and cash worth RM20,000. However, she and her four children were unharmed,” he said at the state police headquarters here yesterday.
He said a task force was then set up and seven suspects aged between 21 and 30 were arrested in Puchong, Subang Jaya and Port Klang two days after the robbery.
“One of the men is believed to be running a pawn shop. Police are still investigating his involvement in the robberies,” said DCP Tun Hisan.Get loose beads in bulk from top chinabeads wholesaler.
Owners of the jewellery looking to reclaim their belongings could do so after police have concluded their investigations, he said.Visible difference between the hermesbirkin and Hermès Kelly handbag.
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