Read this press report.
PESHAWAR: The gold price has jumped to Rs27,300 per 10 grams with the increase of Rs3000 in Peshawar. According to All Pakistan Gems Association, gold prices may rise further. Dealers said that the main reason behind the sharp rise is declining value of rupee against the dollar.
Gold has become very important investment due to global economic crises. It is especially important in Pakistan due to instable rupee since Gold value is set internationally. Gold is loved throughout the world for centuries. It has a peculiar value in Pakistan and India. Gold jewelry is considered an essential part of marriages and brides. There is always increase in gold demand in the end of summer season in South Asia due to beginning of marriage season. I get a letter from abroad. Letter is given below without any alteration
“I am into Gold investment. Basically, this is a wonderful program. As we all know, US economic crisis means it is the best time for GOLD. Almost all GOLD experts have expected GOLD price will rise up to USD2,000 by Y2010. And it is highly possible. GOLD has always been consider as money...and during the chaos period, GOLD still has its value. GOLD has always been revalue itself since many many years ago.
So what are you waiting for? Now is the best time for the right thing. Once you have miss it, there might be not a second opportunity.
With Regards
Fiona

Everyone wants to invest in gold, and everyone should to whatever extent you can. However, until now such an investment has really been difficult in Pakistan. You have to depend upon friends and reliable people, visit jewellers and find gold rates. There are problems with security, pricing, purity etc.

Well all that changes with a new product by National Commodity Exchange Limited. You can buy gold online. For more details, please visit http://www.ncel.com.pk/gold/minigold.php . The trading is regulated by the government of Pakistan and once you open an account you have full access to your cash and gold holdings via the web. The exchange guarantees client protection and you can take delivery of your gold or leave it in secured, insured vaults. The exchange only deals in imported, certified Swiss gold bars. You can buy, sell, trade, store through the exchange. And the market runs throughout the day and you always get the international or better prices. All gold is legally imported and duty paid. You can either visit the website or call at 021-111624624 and talk to one of the representatives and proceed to open account.

I am surprised to know that gold rates went so high in Peshawar. We believe we change the monopoly markets with modern system such as the one now being offered by NCEL. Most other countries make it easy for people to invest in gold. This is done through various markets, exchanges, mutual funds, futures, banks and other organizations. Unfortunately in Pakistan, all we know in investing is real estate and stocks -- even though we get burned again and again and again.... Take control of you finances and put some part of your savings in gold. Gold is the best protection against our falling currency and even against the falling dollar.

NCEL web: www.ncel.com.pk
NCEL mini gold: http://www.ncel.com.pk/gold/minigold.php
NCEL phones: 9221 111-624-624 or 111-623-623
NCEL mail: info@ncel.com.pk

Good investing!

Jewelers take a lot of profit while they purchase jewelry from common people. Today I sold one earring at Baghbanpura Main Bazaar, Lahore. They give just 7500 rupees for 5.35 gram earring. So, they deducted 4250 rupees from the original price. It is great exploitation. We have reached to this stage in Pakistan, which is an exploitative society.

Gold investment is a great idea but the price of gold is projected to begin falling within a few months so be careful!

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