Last year i bought a 10tola gold bar for Rs 570K as the price was going high and high. Not the price has dropped to almost 45K/Tola. Which means that i have already lost 120K. Will the prices go more down? Shall i sell my brick? What is the wise thing to do. I am not a rich person, a typical middle class salried person. Please suggest me something :(
zee replied on Friday, April 18, 2014 07:33 AM
if you need money then sell otherwise no need,its hard cash |
asim replied on Saturday, April 19, 2014 04:11 AM
1 month before i sold my gold bar after the wait of 1 year i bought it in 560000 and sold it n 521000 thanks i have one share holdwer with me so lost only almost 20000 well i believe wait for few months and then sell it wait for dollarr to rise which seems diff in near future well i think in cooming six month doller will take jump and also gold will get settle above 1350$ |
sun replied on Saturday, April 19, 2014 04:13 AM
Keep it if you do not require money for a while. Developed world economies are not in good state so gold is a good investment long term.
http://www.xe.com/currencycharts/?from=XAU&to=PKR&view=10Y |
Zain Rana replied on Saturday, April 19, 2014 04:14 AM
Bro i bought 1600 tola last year and u can imagine how much loss i faced
It will go down.. So its better u sell it up |
Sheikh replied on Saturday, April 19, 2014 04:41 AM
It is predicted that gold will reach around $1450 and ounce which will add approximately around Rs.4000 if the dollar value remaibns the same.I am too waiting to sell off my gold. So i suggest to hold and you may get a value of Rs. 54,000 per tola. |
Zia replied on Saturday, April 19, 2014 05:51 AM
Gold is currency of crisis, we are seeing in Ukraine. If it spread price will touch 2500$. Instead of sale, listen news. |
