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Gold Price In Kottayam

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Gold price by Investorocean.com

Purchasing eGold Advantages of Digital Gold

In addition to Gold ETFs, gold jewellery, bars or coins lately there is another gold investment option that has grown in acceptance amongst investors. E Gold or digital gold is an investment on gold where the investor can purchase gold in smaller quantities and that gold unit is credited in the Demat account of the investor.

There are several advantage of investing in digital gold, such as:

  • The investment digital gold does not have a lower limit, you can invest with a small amount starting from Rs. 1;
  • As opposed to the physical gold, you can be assured for the quality or the purity of E Gold. It is insured in an digital gold investment;
  • If and when you are applying for an emergency bank loan, the E Gold value is actually useful, since they can be used as collateral for loans;
  • Physical gold requires you to be prepared safety measures, in E gold investment, since the gold itself is not physically present, it is very safe. It is the responsibility of the seller to hold and keep the gold safe for you.
  • You can exchange the value of E Gold for physical gold, delivered at your doors or for cash.

Advantages & Disadvantages of Buying Gold Bars & Gold Coins

Physical gold has a fan base of its own; of a more traditional nature, the physical gold is available in different form such as gold jewellery, gold bars, and gold coins. While gold jewellery can be worn or stored easily, gold bars and gold coins have specific purposes. 

Here are few of the advantages and disadvantages of buying gold bars and gold coins.

Advantages

Gold Coins

  • Gold coins are collectible item; you can buy and own coins of smallest of gold value available.
  • Like other physical gold, the price of a gold coin goes up when other stocks fall
  • They are convenient to carry, store and is thus a preferred gift item.

Gold Bars

  • For big investors, gold bars are the preferred choice, as they can be easily exchanged for finance
  • They can be made in to a desired jewellery whenever you feel and in the design of your choosing.
  • The gold bar is usually hallmarked for its purity, which is usually 999.9 and has the information of the manufacturer, so as to authenticate its value.

Disadvantages

Gold Coins

  • Sometimes the premium on the coins, which includes the making charges are more than the spot prices of the coins, hence could mean a decreased value.
  • There is always the worry of safety with gold coins, and you would need bank lockers to secure the coins.

Gold Bars

  • It cannot be obtained from a local vendor, and thus difficult to acquire.
  • Gold bars are not for everyone and at times is difficult to exchange without proper documentation

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.

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.

Gold Price In Kerala | Gold Price In Thiruvananthapuram | Gold Price In Kochi | Gold Price In Kozhikode | Gold Price In Kollam | Gold Price In Thrissur | Gold Price In Alappuzha | Gold Price In Kottayam

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