Gold Price | wealthymatters

Jim Rogers Interview on ET NOW

September 27, 2011 2 Comments

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Here’s the transcript of Jim Roger’s interview on ET NOW as published in today’s ET:

Gold prices are overdue for a correction and it will last for several months, says Jim Rogers, chairman, Rogers Holdings. In an interview to ET NOW , the commodities investor speaks on his outlook on commodities and rupee.
Gold is down 10% in the past week and the CME increased margins by 21%. What is your outlook for gold prices? Do you see gold to $2,000 in the near term and medium term? Read more of this post

Filed under Precious Metals Tagged with commodities, copper and base metals, crude oil prices, ET NOW interview, Gold Price, Indian Rupee, Jim Rogers, post a day, RandomBlog2011, Silver

Historic Prices of Gold

September 27, 2011 4 Comments

This is my find for the day.I found the original here http://www.indiabullion.com/gold.php.

Combined with the newer data here http://goldpricenetwork.com/goldprice/india/ we can have 178 years of gold price history in India.Perfect for all sorts of analysis!

By the way I was surprised to see some price drops in the price of gold.None of my elders could recollect any of it and they are regular gold buyers!The human memory apparently is far from perfect! Read more of this post

Filed under Precious Metals, Tool Kit Tagged with Gold, Gold Price, historic gold prices, historic gold prices in India Rupee INR, postaday2011, RandomBlog2011

Please Help Me Understand Gold

March 12, 2011 7 Comments

I graduated in 2000.In the same year I made my first purchase of gold.Since then I’ve been watching the price of gold.The first thing to attract my attention was the relentless upward movement in the price show in the graph below:

Logic suggested that what goes up in price must come down.So I tried looking for the historic prices of gold to try to see if there was a cycle . Read more of this post

Filed under Paper Assets, Precious Metals Tagged with CHF, commodity, cycle, demand and supply, depreciation, DOLLEX-30, fiat currency, Gold, Gold Investment, Gold Price, gold standard, historic price, hoarding, Inflation, Inflation Calculator, INR, Money, oil shock, postaday2011, Pound Sterling, Rand, RandomBlog2011, real money, recycling, sensex, South Africa, USD, Yen

Silver Investors Beware ! Patra and Gillet

February 28, 2011 1 Comment

As gold continues to hover round 21,000 Rupees per 10 grams and silver round 50,000 Rupees per kilogram there is a great deal of change taking place in the Indian jewellery market. The following article which appeared in the ‘Times of India’ is a must read for anyone looking to invest in silver jewellery and artifacts.

Now, silver is worth its weight in gold and more

24 Feb, 2011, 0854 hrs IST, Meenakshi Sinha, TNN

NEW DELHI: For generations, silver jewellery has been a source of enthrallment for millions of families across India. The exquisite craftwork of an anklet, the sheer weight of a beautiful baazuband (ornate upper arm amulet) — the metal has been a source of pleasure in every way. Its versatility and durability has only added to its allure. While gold has always been the preferred metal for weddings , the cheaper silver has offered more opportunities to indulge.

But now with the sky-rocketing of silver prices, customers are being forced to make adjustments. The traditional heavy silver jewellery is giving way to lightweight varieties. Imitation metals too are making their way in.

Sachin Aggarwal of Mohit Gems and Jewellers, Sector 27, Noida says that the demand for heavy items has gone down.“Silver gift items like statues of gods, bridal jewellery like anklets , maang tika, traditional key rings for household keys or sindoor dani (vermillion container) have gone lightweight. Most show pieces like dolphins or photo frames for gods have now been reduced to being designed in a thin layer called patra,” he says. Read more of this post

Filed under Precious Metals Tagged with fake silver, Gillet, gillette, Gold, gold plated silver, Gold Price, imitation metal, imitation silver, Investing in silver jewellery, light weight silver jewellery, Patra, postaday2011, RandomBlog2011, Silver, silver artifacts, Silver investing, silver jewellery, silver like metal, Silver Price, silver tone metal

Empowered Jewellery Shopping

January 18, 2011 5 Comments

wealthymatters If you are a typical Indian,and have some spare cash,you probably buy gold and that too as gold jewellery.The jewellery might be for personal consumption but it is still going to have to do double duty as a safe,low-risk and liquid investment . So the jewellery is going to be bought with a sharp eye on its resale value.Purity and grammage will be important considerations.Also getting a good price will be a major consideration and there is bound to be a bit of bargaining.

Concerns about purity can be allayed by buying hallmarked jewellery. To find out the jewellers who carry BIS certified hallmarked jewellery in any city in India you can search here :Link

The price of gold follows the international rate,but there is no such thing as an all India rate.Infact there is nothing as a city-wide rate.Each shop notifies its own rate.But the All India Gems and Jewellery Trade Federation’s Trustmark rate for hallmarked gold jewellery can be used as a peg while bargaining about the price.To find out the Trustmark rate SMS GOLD RATE to 575758 or check the rate on the GJF website here :Link

In case you are making a significant purchase ,it is worthwhile getting a hallmark certificate from the jeweller. Hallmarking costs 25 INR per item,a pair of earrings being counted as 2 items.

Hope you find Great Bargains!Happy Shopping!