Tamil Nadu - Madurai   

Meet to discuss gold price

MADURAI: A consultative meeting of jewellers is being organised at Kochi on November 20 by All India Gems and Jewellery Trade Federation to make prices of gold jewellery uniform across the nation, said Ba. Ramesh, Joint Managing Director of Madurai-based Thangamayil Jewellery.

“Prices of gold jewels across Tamil Nadu have been made uniform from November 1,” he said at a press conference held here on Tuesday to mark the roping in of actress Nadiya as brand ambassador and the launch of a new advertisement campaign.

He said the price of gold was likely to increase to Rs. 2,000 a gram with the current rate hovering around Rs. 1,500.

After the global economic slowdown, many American companies were investing in gold. Further, even the oil-rich countries were moving away from the US dollar to gold.

The scientific uses of gold were also increasing. Taking these points into consideration, it could be concluded that the value of gold was going to increase, making it a very valuable long-term investment option, he said.

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