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Gold market

Prateek jain (Chartered Accountant) (367 Points)

04 August 2011

gold price is now rising as fast as india's population... now its price is 23919 per 10 gm.

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3 Replies

Rupali Joshi (Accountant) (21 Points)
Replied 09 August 2011

Some people are predicting further hike in gold prices over the course of this year. Gold is, without a doubt, an extremely attractive investment option. It is considered to be one of the safest instruments of investment and tends to perform well when other investment options are not doing all that great. The only problem is that it incurs additional costs related to storage and security if bought in physical form. Thus it is advisable to buy Gold ETFs [Exchange Traded Funds]. With ETFs, there are no hassles of storage and security and the purity of the gold is usually guaranteed. These ETFs are traded as stocks on the exchange. With broker firms like GEPL Capital facilitating online trading facility, it is easy and convenient to buy and sell Gold ETFs.

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Ramalingam K (Founder & Director - Holistic Investment Planners (P) Limited) (21077 Points)
Replied 24 November 2011

Stock Market has lead to tendency of many to go in for much safer investments that gives a reasonable return. This is the reason for gold gaining popularity as one of the safest avenues for investment.

https://holisticinvestment.in/gold-etf

Regards,

Ramalingam K, MBA, CFP,

Chief Financial Planner,

Holistic Investment planner private Limited,

www.holisticinvestment.in