Gold Facts
February 1, 2012 Leave a comment
Highest And Lowest Prices Of Gold
January 29, 2012 1 Comment
The table below is sourced from http://www.indiagoldrate.com/india-highest-lowest-gold-price-history.htm .
After crossing the 29k mark when gold fell to around 27k it was pretty scary,especially when the fall in the Rupee against the Dollar seemed to lessen the extent of the fall in gold prices.The palpable fear in the press didn’t help one bit.Personally I held back a lot round last Diwali and this New Year.Perhaps looking at the chart below might have helped a lot then. Read more of this post
Auspicious Days To Buy Gold In 2012
January 28, 2012 Leave a comment
Considering buying gold?Not beyond indulging in a bit of superstition?
The following are some of the days considered auspicious for gold purchases in 2012 according to the Hindu calendar. Read more of this post
Some Gold Market Facts
October 9, 2011 5 Comments
India is the world’s biggest market for gold.
Imports meet almost all the country’s 800-900 tonnes per year requirements for jewellery and investment.
The market was only freed up in 1997, when the government allowed banks and other state-run trading firms to import the sensitive commodity directly.Only 31 state-run and private banks along with government trading agencies have licences to import gold because of its implications for foreign exchange flows. Read more of this post
Gold Prices on the Street
October 4, 2011 5 Comments
The recent fall in gold prices in the international markets made news headlines in India.The MCX mirrored the COMEX but things were a little different on the street.Here is a story from this week’s Wealth Times.Do read it for an idea of how ETFs react vis-a vis bullion and for how to try and get a discount out of your jeweller.
Is the fall in gold prices genuine
Khyati Dharamsi
When gold prices fell by more than 2,500 from 28,210 per 10 gm on 21 September to 25,685 on 29 September,people hailed the good news.But much to their disappointment,they found that it wasn’t as cheap as it was touted to be.While the yellow metal was trading at the 25,000 mark,most jewellers charged 27,500 per 10 gm,even 28,200 at some stores.When asked about the difference in the rates,jewellery store managers said that the rates quoted in the media were averaged out,so they were not applicable. Read more of this post
wealthymatters 