Globally, it is the rise in the Crude Oil price that is supporting the price of Gold.

Crude oil is currently trading in the range of $ 125 - $ 130 per barrel level.
It is expected that the crude oil price will go further high.

Crude Oil prices r more than 90% higher than previous year price.

Over the Past 2 weeks, the prize of Gold has Rise to Rs.1000 per 10 Grams to over Rs. 12,500 per 10 Grams.

India is a major gold importer paying in dollars.

Domestic demand for Gold is very high in India.

If the prize of this yeallow metal rises on like this than after few years for a middle class family.... it will be impossible to buy a Gold on occasions like Marriage.

As pay raise of Middle Class Family increases in Linear Proportion while Price of Gold increases in Geometric Proportion.

According to me, The Time will come when Middle Class Families Can't afford to buy Gold on their Daughter's Wedding.

This is a very serious problem.

People need to plan their Long-term Budget for Gold.
if a typical Middle Class Family want to buy a Gold for their Daughter's Wedding than they need to start saving before 15-20 years when their daughter is in School.

What they can do is they select some good Gold -ETF Fund and regularly invest in it and when the Time of Marriage comes they can redeem the units and buy actual gold.