Gold price by Investorocean.com
Historical Gold Prices in Kalyan-Dombivli
Historical gold prices and trends gives important insight for investment decisions. For the past 10 years the price of gold, in general, has been trending at a higher rate both in the International as well the Indian market. In the US market, the highest during the period was trading as $2000 back in 2011, meanwhile, in the Indian market there had been a steady growth since the same year, with an exception for 2 years in 2014 & 2015. Currently the US gold rate is trending around $ 576.20 and in India, it is at the Rs. 49,420 range.
There are many factors, which affect the price of the gold, and if you are planning to invest in gold, the factors such as US dollar strength, other global events, central reserves etc. should be considered so as to have decent returns.
Keeping an eye on the current prices as well as the knowledge of the past rates of gold would go a long way in planning investments on the yellow metal. While previous performance is not always predictive of future results, the price history of gold might perhaps give hints as to where it may be going. Looking at historical price data, for example, may aid in detecting uptrends or downtrends. Investors may also notice tradable trends in the price data, which might lead to great buying or selling opportunities.
Gold ETF vs Sovereign Gold Bonds in Kalyan-Dombivli
Lately, two gold investment in paper form with actual gold as the underlying asset have emerged as a popular option that are Gold ETFs and the Sovereign Gold Bond (SGB).
Gold as Exchange Traded Funds (ETFs) Passive investment instruments that invest in physical gold and thus are predicated on price of gold. Gold ETFs are listed on the Indian Exchange as other stocks or equities and track gold prices and can be purchased through your trading or mutual fund account. ETFs are a fantastic alternative if you want to invest for the short term or in monthly installments like a SIP.
Indian Government also issues bonds through the Reserve Bank of India called Sovereign gold bonds, or SBGs. These gold bonds are sold as as unit in which each unit is valued at one gram of gold with purity of 99.9 percent. Since SGBs are government-issued securities that are a sought after and a safer investment in gold. Their worth is measured in multiples of gold grams. SGBs have seen a large growth in investors, as they are seen as a viable alternative to actual gold. However, SGBs has a lesser liquidity than other gold investment in the market. If SGBs are left to mature i.e., for a period of 8 years and then retained, the gains are not subjected to tax. However, if the returns after maturity is sold off then it is treated as capital gains and is hence taxable.
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