Amid mounting tensions in the Middle East, gold registered its biggest annual gain in almost a decade, also aided by a weaker dollar and lower real rates.
Elevated prices and a weak economy have deterred gold buyers in India, the second-biggest bullion consumer in the world, even on the auspicious day of Dhanteras.
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Gold comes under luxury expenses. It is for people who have lot of money and don’t know what to do with that money. As long as only 0.001% of world population deals with gold, it will not get much attention. How many of us worry about Platinum price ? Problem is everyone wants to show that they’re rich by buying gold. So the price fluctuation creates some kind of agony. If common people boycott gold for next 3 years, it will bring a big change in world economics.
gold for investment should not be in physical form but in e form there’s no tax and no deduction on that buy gold on MCX or share market.
ornaments r for cosmetic purposes not investment
Very pleasant news.
What is the use of this Gold?
What is the reap from investment in Gold.
Those holding gold is paying huge amount towards Locker charges and it’s safety is nil.
Those who wear the Gold ornaments or keep it in Home are at at risk of their life.
Only smugglers and jewellers reaping and public are getting licked their money.
Better ban this Yellow metro ornaments and Better Govt should purchase it from public and make reserves to boost the economy.
Then no gold no fear.
Gold is poor investment. I went to local goldsmith to sell my ornaments purchased from them with their bills. They made 25percent deduction. So who says, gold is good for investment.
Nowadays jewellery shop is stand Just for fool the peoples.they are useless & hopeless
@Anita rawat purchase gold from branded franchise like Malabar,tanisq,PNG,Kalgan and many more.don’t go to local goldsmith.
Gold comes under luxury expenses. It is for people who have lot of money and don’t know what to do with that money. As long as only 0.001% of world population deals with gold, it will not get much attention. How many of us worry about Platinum price ? Problem is everyone wants to show that they’re rich by buying gold. So the price fluctuation creates some kind of agony. If common people boycott gold for next 3 years, it will bring a big change in world economics.
gold for investment should not be in physical form but in e form there’s no tax and no deduction on that buy gold on MCX or share market.
ornaments r for cosmetic purposes not investment
Jewller deduct 25 % and mixed 25% other metals while making jewelry so it’s most beneficial in the world.
Very pleasant news.
What is the use of this Gold?
What is the reap from investment in Gold.
Those holding gold is paying huge amount towards Locker charges and it’s safety is nil.
Those who wear the Gold ornaments or keep it in Home are at at risk of their life.
Only smugglers and jewellers reaping and public are getting licked their money.
Better ban this Yellow metro ornaments and Better Govt should purchase it from public and make reserves to boost the economy.
Then no gold no fear.
Gold is poor investment. I went to local goldsmith to sell my ornaments purchased from them with their bills. They made 25percent deduction. So who says, gold is good for investment.