Skyrocketing gold prices don't deter buyers

Despite gold prices touching record levels, Indian buyers and investors continue to deem it as a safe bet. Gold prices in India, the world's biggest consumer, rose above 26,000 rupees for the first time on Tuesday rallying with the world market and supported by a weak rupee. However, jewelers in Chennai say the prices of gold have not affected the business but have changed the kind of incoming buyers. Buyers in Jaipur said the fluctuating prices of gold in the last few days have affected families at a time when the wedding season would soon begin.