When heard of gold the first word in mind is 'money'. From the olden period, gold has been the important metal for stocking and exchange. Current gold rate ranges to 27,000 while if we price gold in Jan 2006 it was 7,916.01 per 10 grams. Thus, the prices of the gold changed variably by 341.081%. Gold can be invested through stock exchange i.e., through gold exchange transaction funds. It can also be invested by stocking it in coins, bars and jewellery. The investor who wish to invest without trading in stock exchange has to simply buy, storeand sell it in booming market.
Why only gold? and why not silver?
A competing metal for gold in market is silver. We indians prefer having gold ornaments rather than silver as it determines the status. Thus, forecasting the future market is toughest when the buyers are less of the metal we purchased to achieve higher returns. Therfore, gold buyers and more while that of silver are less and vice-versa.
Portable nature
Gold are ductile in nature they are used for generating ornaments. So, one may carry them along in form of jewellery in case of fear for theft.
Demand for gold in India
India demands 92% of World Gold which clarifies that the prices are on the way to increase. Prices of gold increase as demand for gold increases.
Why does India demand more gold?
As said before, India is a country of Kings and Emperors, Gold was the store and exchange value from thence. Gold is required in each and every occassion which includes marriage, birth, festivals,etc. It would not be a fact but we Indians are determined by quantity and quality of gold so carried.
Gold is an investment as compared to white gold and diamonds as it is affordable at a period and can be earned back through booming phase. There are many banks offering loans against gold which include Mannappuram gold, Muthoot finance etc. so there is no need to say at what range the demand for gold stands. It is estimated that the price of gold will rise to rs.45,000per gram by december 2012.
At the end, a rich man buys diamond, gold, silver and white goldbut a middle and poor class man will turn onto gold and can easily hedge inflation by transacting it.
Why only gold? and why not silver?
A competing metal for gold in market is silver. We indians prefer having gold ornaments rather than silver as it determines the status. Thus, forecasting the future market is toughest when the buyers are less of the metal we purchased to achieve higher returns. Therfore, gold buyers and more while that of silver are less and vice-versa.
Portable nature
Gold are ductile in nature they are used for generating ornaments. So, one may carry them along in form of jewellery in case of fear for theft.
Demand for gold in India
India demands 92% of World Gold which clarifies that the prices are on the way to increase. Prices of gold increase as demand for gold increases.
Why does India demand more gold?
As said before, India is a country of Kings and Emperors, Gold was the store and exchange value from thence. Gold is required in each and every occassion which includes marriage, birth, festivals,etc. It would not be a fact but we Indians are determined by quantity and quality of gold so carried.
Gold is an investment as compared to white gold and diamonds as it is affordable at a period and can be earned back through booming phase. There are many banks offering loans against gold which include Mannappuram gold, Muthoot finance etc. so there is no need to say at what range the demand for gold stands. It is estimated that the price of gold will rise to rs.45,000per gram by december 2012.
At the end, a rich man buys diamond, gold, silver and white goldbut a middle and poor class man will turn onto gold and can easily hedge inflation by transacting it.