Why there is no hue & cry over the gold price rise? People feel it is natural, but not petrol or edible oil?

Its so simple.





Petrol %26amp; Edible oil are very essential commodities while gold is not!!!Why there is no hue %26amp; cry over the gold price rise? People feel it is natural, but not petrol or edible oil?
they will if they cud eat and run their vehicals on it.Why there is no hue %26amp; cry over the gold price rise? People feel it is natural, but not petrol or edible oil?
The main reasons are :


- Gold is occasionally purchased while the petrol or edible oil is required daily.


- People can live without gold but not without edible oil/petrol.


- Gold is suppose to be a thing of luxury while edible oil/petrol are essential commodities.


- Gold is the choice of ladies while the edible oil/petrol is requirement of entire family.


Hence,everyone gets affected by rise in prices of petrol/ edible oil .
These are all commodities..and every commodity has its own pricing principles


Price rise and fall is due to demand ,supply and stocks .So you can find the price fluctuation of gold and other edibles.


If you have too much rain or


drought ,


or the increase in population..


or increase in export order


or artificial hoarding , or stocks at cold storage...


effects the supply chain of edible and rise prices of the edible in general.


So one has to check the real cause of the demand,


nature of the demand


regulate the market and bring things back to normal level to suit public pockets
Gold is a luxury item, so none but the rich can afford to pay it much attention. The rich are, by definition, rich, so the price rise doesn't bother them too much.
gold is not essential commodity and ther is no need to raise he and cry. petrol and diesel are essential requirements and these are administratively controlled.