
The gold price in global market has seen substantial increase over the last few months. With such high rate of gold price, the local gold scavengers in
Reuters reported:
World gold prices, at above $830 an ounce, have risen 12 percent in the past month alone and are up more than 30 percent this year.
"Business is at its worst. People like us are on our way out as silver and pearl jewellery are now more in demand," said Omar, his voice choked with emotion.
"There is less work at factories and less gold dust available."
Earlier, a gold scavenger could earn about $3 per day which has come down to mere $1 today. So, here lies a clear indication of the poor condition of these people. As a profession, gold scavenging has some heath ailments too. Collecting and purifying the gold dust require a process which causes health problems.
So, I think, Indian government should come forward to help the gold scavengers. If this condition continues then the day will come there will be hardly any gold scavenger in








» India: Will the Gold market Revive? from IndianRaj
Indian people are huge fan of gold and silver jewelry. In wedding ceremonies, you can find the bride getting a lot of gold. So, traders in this industry are supposed to have always happy time. Well, things have not... [Read More]
Tracked on: November 28, 2007 11:02 AM | Permalink to Trackback