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Why Invest In Gold
Gold has been the most trusted investment vehicle through generations. The current gold price is expected to go up further as gold production worldwide is far below the demand. Gold is the only medium of exchange that is completely free of credit risk.
In the past two decades investments in gold with an average return of 7% has proved to be a dependable hedge against inflation. If the same trend persists, which is most likely, you can expect a return of anything between 6 to 9% as a long term return.
Gold ETFs have been good investment options ever since the global economic crisis started in mid 2008.
History Of Gold
Historical gold rate in India
The below chart represents the historical movement of gold prices in India. It’s important to note that the gold prices would fluctuate during the year and the amount mentioned below is a representation of the average price for that year.
This chart contains the average price for gold for per year since 1964 – present. The prices indicated are for 10 grams of gold and prices are in Indian Rupees.
With the exception of a few lows between some years, it can be seen from the table that the gold price trend has historically been on the rise, lending credit to the argument that gold is a safe investment over long periods of time.
Studying the gold rate trend in India
Studying the gold rate trend in India could offer an insight into future fluctuations and investment plans can be made accordingly. The gold rate depends on a number of factors like the stability of the central bank, the supply and demand of gold in the market, quantitative easing, government reserves, the health of the jewellery industry and overall yearly production to name a few.