With gold prices touching an all-time, many buyers are waiting for a correction to their purchases on hold, while some have taken the plunge – hoping to benefit if the trend continues to rise in March.

The rising price of gold has had an impact on the buying habits of shoppers in the city of Ahmedabad Gujarat.

“Food prices have increased much, because we feel we would be unable to buy anything in the near future,” said Nehal Patel, a client, adding that she had cut her shopping because of prices steep.

Jewelers, however, advised people to invest in gold, and require that taking into account the current global economic situation, the volatility of prices would be low metal content jealous.

“In the future, we expect gold prices to increase even more. The current situation in the United States in respect of categories and investment on that basis, gold is the best investment” said Vijay Soni, a jeweler.

Meanwhile, buyers of gold in the city of Jaipur in Rajasthan is said that soaring prices would be a serious breach in the marriage of their budgets and force them to curb their purchases.

“The impact was enormous buyers. You have to reduce what they had planned to buy. But it is a constraint and Indian weddings are incomplete without gold. Regardless of the table of gold, the show must go on, “said Neelu a client.

Jewellers, said here that the uncertainty about the price of gold could keep a lot of potential customers at bay.

“Customers are also worried because they do not know what prices will be today or tomorrow. So there is an uncertain situation, and certainly a climate of insecurity prevails throughout the market. The market may increase or decrease in 2000 -3000 rupees. So no one can predict anything, “said Lalit Agarwal, a jeweler.

Traders in Tamil Nadu is the city of Chennai, said the rising price of gold has led to a change in the profile of buyer – the relatively rich to enter the ring to earn some money, while buyers of the middle class stayed away.

“Many people are starting to buy gold. Big Toys, gold is no longer required that the objects of gold. 80 percent of consumers to purchase items in large gold. So we think that only the rich are buying, while the lower and lower middle class did not buy, “said Jayantilal J Challan, president, Madras Jewellers and Diamond Merchants Association.

The gold market in India is almost entirely supplied by imports and a decline in the rupee to its lowest level in almost six weeks also weighed on demand for gold. The rupee has an important role in determining the cost of import of gold, which is priced in dollars.

Gold has risen about 7 percent this month, driven by cash flow from stocks, bonds and currencies after the U.S. lost its credit rating of the first order.

International Spot gold rose more than three percent on Tuesday, roaring to a record for a second session to be above 1770 the dollar as stock markets tumbled on growing fears of a global recession after last week U.S. degradation credit.