Gold Price Prospective 2016 and beyond

Gold Price Prospective 2016 and beyond

Gold a yellow shining metal is back in action again. Gold Price is increasing since beginning of year 2016. It is perhaps best start for the Gold in last decades. Gold has beaten almost all asset class including equity and mutual funds in past three months. You might be surprised that from January, 2016 gold has given return of 22% to the investor. In January 2016 gold price was Rs 2250 per gm and today gold price is Rs 2750 […]


Gold Schemes by Government – Good for Investment?

Gold Schemes by Government – Good for Investment?

Today is dhanteras and you must be planning to buy Gold. Well, this dhanteras is somewhat special as you have option to buy gold in paper form also. Yes, I am talking about Gold Schemes which are launched recently by Prime Minister Narendra Modi. Name of this schemes are (1) Gold Monetisation Scheme (2) Sovereign Gold Bonds and (3) Indian Gold Coin scheme. Gold Monetisation Scheme Gold Monetisation scheme is also known as GMS. GMS allows an individual to deposit […]


Buying Gold this Dhanteras is advisable? – Gold Big Loser

Buying Gold this Dhanteras is advisable? – Gold Big Loser

Dhanteras is auspicious occasion as per hindu mythology. Dhanteras is the first day of diwali festival. This festival is also known as Dhan Trayodashi. This year dhanteras will be celebrated on 9th Novemeber, 2015. On dhanteras we worshiped goddess lakshmi to provide prosperity and wealth as a blessing. Buying gold on dhanteras is tradition. It is believe that gold purchase on this day bring good fortune and never diminish. You must be ready to go out and shop gold on […]


Gold Monetization Scheme and Sovereign Gold Bonds

Gold Monetization Scheme and Sovereign Gold Bonds

Cabinet recently approved Gold Monetization Scheme and Sovereign Gold Bonds. The prime objective behind the launch of Gold Monetization Scheme and Sovereign Gold Bond is to reduce Import of gold and reuse the gold lying idle in lockers of Indians. It is estimated that around 24,000 tonnes gold are lying into the locker or at household. The second objective behind the launch of this scheme is to make gold productive asset. Currently, gold is a non-productive asset. Under this scheme […]


Why Gold Rate in Indian cities are different?

Why Gold Rate in Indian cities are different?

Gold rate in the Indian market is decided by International market. Ideally gold rates should remain same across the country. However, gold rates in Indian cities differ from each other. Gold price in Mumbai is different than Delhi or Chennai. Some cities offer gold at lower rate compare to other. Reasons for why Gold Rate in Indian cities is different is given below. Reason for Gold Rate Difference – Transportation Cost – Transportation cost plays an important role in determining […]


Gold Bonds New Investment Option for India – Features Benefits

Gold Bonds New Investment Option for India – Features Benefits

Gold Bond is new investment option for India. The recent draft guideline for the sovereign gold bond scheme is notified by the finance ministry on 18th June 2015. This scheme will be launched to reduce the demand of physical gold. Sovereign Gold Bond will carry a fixed rate of interest and will mature in five to six years. This bond will be redeemable in cash as per the face value of the gold. Key Features of Gold Bond Scheme Sovereign […]