Gold is a commodity in the financial market which has a great value. It is available physically as well and is a weakness among women. They tend to make jewelry from it to flaunt it to the society. This is a good way to stay invested and keep your family happy as well. Gold is known as in investment as it has a return value and can be exchanged for cash when you need it the most. This is the reason people invest in gold for their bad days as it can help you get out of the situation. But gold is very expensive and comes in small quantities looking at the current rates. People have many questions when it comes to gold as an investment. Let us look at a few questions and get answers for them.
Gold is considered as a great investment as it can help you financially when you need it the most. You can buy small portions of gold or gold jewelry so that it can be preserved for your future. It can be gifted to your children and as a passing of legacy which has been happening in India for years now. There are many types of gold which can be invested into. These are gold coins gold on paper, jewelry, and much more. These days you can also keep gold as a collateral and get money from the market. We shall know about it in detail later in the article.
Gold investment are of many types. It depends on your preference and need which would define its worth. For instance, if you wish to invest in gold for a fixed period and then withdraw it from the market then gold stocks are a good investment than purchasing physical gold. It can be a cause of concern for you to keep it safe from being stolen or lost. This cannot happen in gold stocks as it is on paper in virtual form. You can also go in for gold investment options available in the market and with the jewelers as well. They ensure that you save little chunk of money each month and buy gold or gold ornaments when the maturity is near.
Gold investment when done in commodities and stocks works on simple principle like other stocks do. When the rate of gold is low, you invest in the market and when it is high you book your profit and exit. Such market trends change with seasonality like when the festivals are around or when the marriage season is near, the rates for gold increases which helps you to invest and sell in this period. You can plan to invest in gold or any other plans for better returns.
A gold investment scheme is usually seen at a jeweler’s place where you can choose a fixed monthly amount that you would deposit each month and at the end of the tenure, you can buy gold jewelry worth the amount deposited from the same jeweler. Such gold investment schemes have benefits which can be en-cashed when you buy the gold jewelry. These schemes are a discount equal to the value of your monthly installment or the last installment is paid by the jeweler. It is a great way to get more out of what you pay. You can get all such details from the jewelers that offer such schemes. The main purpose for such schemes to be famous is because gold has a high value. It is difficult for individuals to buy gold at one go and therefore, they save for a period and then buy gold that can help them get jewelry or physical gold for future needs. India is a major consumer of gold across the globe and such schemes ensure that you buy gold as an investment.
Gold as an investment is safe enough just like any other investment is. All you need to do is protect like all other valuables and it would fetch you great returns in the long run. Gold can be kept in bank lockers to ensure it is not stolen or lost while you are out for professional or persona reasons. Gold as a safe investment is also great. You would hardly see gold rates going down. It is always an upward trend and you can bank upon it for investment purposes.
Gold Investment is always beneficial for people. If you look at the long-term benefit, then you would gain a good return on your investment. In fact, you can use gold investments as a diversified investment option when compared to stocks and shares. You can start with a small amount and then continue to get small portions of gold. Within a span of few months, you would get a good amount of gold accumulated with you.
The benefit of gold investment is that it can be kept in a physical form and be used to exchange with cash or with other gold ornaments. You can also keep it as a collateral or mortgage it for cash fund requirements. Gold can be sold at the full value at the current market rate which is otherwise not possible for any used sale.
If you have invested in gold or have gold assets, you can make use of it in many ways. Since you can sell the gold for monetary funds, you can also loan it to the mortgage companies who accept only gold as a collateral. Such companies have a common interest of making money. They mortgage your gold and return give you money equal to or less than the gold value. An interest is also charged on regular basis which is the income for such companies. In case if you are unable to return the loan availed, they would sell off your gold and get their money back. If you wish to close the loan in advance of your tenure period, this can be done without making any extra payment. Your gold is kept safely in the lockers of such companies and you would get them as and when you repay their loan amount. The gold is insured by such companies so that in case if there is an unforeseen event the money stays safe and so does the trust
You can invest in gold in many ways. This can be through buying of gold jewelry or bars. You can also invest in gold stocks or commodity to gain from the market trends on regular basis. For such an investment you would need to open a trading account. You can also buy gold coins and keep it as an asset. Gold has a market value which fluctuates on daily basis and you can take benefit for it in all aspects.
If you wish to go for a gold spot price then you can do so without worrying about anything. This is a way to deal in gold investment based on the spot price irrespective of what it would fetch in the future. Such gold spot price can be for per gram, ounce or kilo of gold.
A gold price chart would help you to know how the rates of gold fluctuates and makes a good investment. The gold price chart is surely to show you the upward trend in the investment forum. If you are new to gold investment, then you can look at the gold price history which would show you how fruitful an investment in gold is. The gold price history will show how gold was available at cheap rates before inflation hit us hard when compared to the Indian Rupee then. Gold is considered as a low risk investment as it does not fluctuate low to give you a heart attack like shares and stocks do.
Gold is the most commonly traded yellow metal across India and it is not traded anywhere else in such huge quantities. You should have a good cash deposit to do so as gold is not cheap. In fact, for a mere 10 grams of gold you would have to invest 31 thousand INR which is huge. It can be an income for someone or a household expense for the entire month. There are many things that can be done with such a huge sum of money and therefore, you should look out for options to keep on increasing your gold reserve. At the same time, you should also plan to safeguard the gold which you possess or have ben inherited by your forefathers. You should be aware about the quality of gold before investing into a physical one. There are many fraudsters who dupe you of the money and hand over the gold which is not real in nature. Jewelers and certified gold sellers have equipment which authenticate the gold before it is bought or sold. There is a hallmark done on the gold to authenticate it and this hallmarking is a symbol of the gold being genuine. You can also get your old jewelry checked through such certified jewelers who would tell you the actual value of your gold. You may also get a certificate of the gold you buy these days so that it becomes an authentication and when you plan to sell it in the future, the gold need not be checked for the authenticity. Gol is measured in carats and valued in the weight it holds and you should know what carat gold you own and at what weight. You can also check your gold value by multiplying the current gold rate with the gold weight you own. This would give you an approximate value and you can get it checked as well.
Q. What is the best gold investment in India?
A. You can invest in almost anything that is made of real gold. It can be ornaments, jewelry, coins, bars or almost anything. These days paper gold investment options are also available.
Q. What are the difference in gold prices in India?
A. Gold rates in India are almost similar across the globe as it is traded across the table. However, the quality of gold varies when you buy from different countries.
Q. What is the return on gold value?
A. the return on gold value is as per the current market rate. If you have purchased it at a lesser value, then the difference in the rate would be your return on gold value.
Q. What are gold investment companies?
A. Gold investment companies are the organizations that deal in gold and its products. You can also invest in a company that mines golds from many parts of the world.
Q. How do you know the gold rate today?
A. It is easy to know the gold rate today. You can do so, by logging online and checking it on the stock websites and in the newspapers published daily.
Q. What is the current gold price?
A. The current gold price in India is approximately 31,600 rupees.
Q. What do you think about gold futures?
A. This is a trading of gold at a fixed price and the date at which it needs to be collected with a token given while finalizing the deal. This is a little risky business, but the final payment needs to be done on the date when the fold would be delivered.
Q. Is it necessary to compare gold investment companies?
A. Yes, it is important to compare gold investment companies so that you know what comes your way when you need to materialize the investment. This comparison is also possible online as you need to look at all the avenues before you invest in gold. It is a huge investment and analyzing and researching about it is a must.
Q. Where to invest in Gold?
A. This is a big question when investors plan to make an investment. The answer is simple, you can invest in gold in any form, stocks, shares, gold bars, jewelry, ornaments coins and anything that is made of gold.