Gold price by Investorocean.com
Track Gold Rate Today
Gold is well known around the world for its financial value as well as its application in jewellery industry. Gold prices, being a worldwide market, may be influenced by a variety of variables that include Interest rates, monetary policy, geopolitics, risk aversion/appetite, currency markets, inflation or deflation, investment demand, jewellery demand, equity markets are some of the primary possible determinants of live gold prices.
Today, as of 1st February, 2022 the rate of gold in Indian market is Rs. 4,342.70
Is Gold a Good Investment?
During the peak of 2020 pandemic situation, the market saw its worst ever crash in the recent years, however while every industry and stocks and assets fail to perform during the period and even after that, Gold remained one of the most sought after acquisition for investors. With its easy liquidity, gold has always remained one of the most preferable option for investments since ages. Even after the stability in the market, gold prices have regularly shot up and that is primarily because of the low rates of interest, which has encouraged gold purchase for investors.
Gold has act as a hedge against inflation when in a worst-case scenario the value of the currency in the market gets so inflated that the gold could be the controlling standard of finance flow in the market. Be it physical gold, which is tangible, or the intangible digital gold investment, it has proved to be a guaranteed instrument for wealth creation.
Investment in gold along with other stocks or equities gives you that assured diversity that acts as a safety net, if and when the market crashes or does not performs up to expectations.
What to Keep in Mind while Making Investments in Gold?
Gold has always enjoyed the status of being one of the most preferred investment option. Without the differentiation of class, it has proved to be an acquisition of the masses, rather than limited to certain class of the society. While it is tempting to buy gold blindly for a certain value, you should keep in mind while making investments in gold few things.
Different Type of Gold Investment
There is more than one type of gold investment, which includes physical gold in the form of bars, bullions, bricks, coins or manufactured jewellery; also digital gold or E-gold which is like physical gold itself but with someone else assigned to store it for you; or Gold ETFs, Mutual funds or Sovereign Gold Bonds. Each of this different type of gold has different investment plans and advantages, so choose the one, which suits your investment strategy.
Current Price of Gold
An investor must know the trending price of gold so as to avoid acquiring it in a value higher than its expected valuation, which is expected to correct itself in due course. You must always invest to get the highest return on interest (ROI)
Purity of Gold
While there are hallmarks and the BIS which is assigned to certify the purity of the gold that you are buying you must know the different carat category of gold and know the extra alloy mix, additional charges etc. for the correct valuation of your gold investment. In case of gold, which is not in physical form, however, the purity is assured by the issuer of the bond/stock or by the manufacturer, itself and you need not be worried about it.
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