Gold Rate in Indian Rupees -
Live 24 hour gold rate.
Price Elasticity of Gold in India
Gold is a unique precious metal that is an inseparable part of many cultures across the globe. Gold is used in making jewelry, Gold coins and bricks and many others. This is a precious and expensive metal. Chemically gold is less reactive except with aqua-regia. In the year 2009, around 165,000 tons of gold was mined across the world.
Unlike any other commodity, the price elasticity of gold is negative which means when the price of the product is high, consumer buy it the most. Price and demand shows a directly proportional behavior as demand increases on an increase in price. This characteristic of gold distinguishes it from other commodities as usually the trend observed is when the price increases demand decreases, but here the feature is absolutely opposite. In India, the gold prices went up in 2007 by 20% of that in 2006 and therefore the demand in that duration increased by 5% showing the direct affect on each other.
According to usual consumer behavior, when the price increases, people tend to consume less. This holds true even in case of staple products which are essential to them. But for gold, when the price increases, people think of this as an opportunity of better returns and therefore a better option for investment. Gold prices usually show a fall when the financial market shows some buoyancy or when the mining activities resume their productions. Comparing the nominal and the previous price, the former is always higher than the latter therefore making gold a profitable project for safe investment.
Despite the fact that in the past many years gold was never thought to be a good area of investment compared to the real estates and share market, but now gold has established itself as the best return on investment criteria. People nowadays invest a major part of their income in gold in India.
FREE Gold Newsletter!
Professional gold insider reveals his secrets from years of experience. Learn the tricks of the trade. Don't make the same mistakes I did. Here are a few sneak peaks in this packed guide.
Starting on page 3, you're going to learn what your financial advisor is intentionally holding back from you about gold investing...and why he or she has no interest in telling you.
On page 48, I've developed what I call Section X (it's really chapter 4), where you'll discover the “tricks of the trade” that those in the financial industry try to use to fill their pockets, not yours...and why.
Why the entire industry is slanted away from investing in gold... and what you'll learn to avoid so you don't fall for common corporate greed (page 57).
A lie that gold coin sales people use to justify padding their pockets with your money...and what you can do about it to build true financial security.
Some gold dealers are straight out lying about the confiscation laws to scare you, and pads their pockets...and the proof is in black and white on page 53. Use this one piece of advice to return the full investment on this very gold guide!
The winning situation you can create that will help your neighbor or friends and family secure their financial place...and will help your own financial investment. A little secret that almost no one does, but will make you the hero at your next get party.
How to buy and sell gold safely (no other guide tells you this)...you will be able to extract maximum security and financial profit for your family with ease, and until this report came out...no one else was doing this. This tip alone can save you hundreds of dollars!
Gold outlook: Gold price in India may test Rs 32100 in three months
Looking at the recent dollar-denominated fluctuations in gold price, the influence has largely been from changes in monetary policy. The latest minutes from the Fed have indicated that tapering would begin in the "coming months". However, we suspect ...
Gold price subdued by Fed tapering risk; China imports strong
Gold 'Downgraded' By UBS Analyst: But Now May Be Time To Buy Gold Mining ...
Gold holds near 1-week high, physical demand drops off
Why Gold Prices Are Down Right Now
This was largely due to government efforts to contain India's current-account deficit by imposing a 10% tariff on gold imports. "I believe the import restrictions and taxes, causing restricted supply and higher prices, have undeniably dented Indian ...
GOLD NEWS Smuggled gold has its own price in India
Gold merchants in the state of Kerala in India could be setting a trend of sorts with their dual pricing system. Two organisations in the Southern state are bringing out separate rates for daily sale at retail points. Market traders say the move is an ...
India's Shrinking Current-Account Gap Reduces Risks to Rupee
The government has increased taxes on gold imports in the world's biggest user of the metal three times this year to help pare a trade imbalance that has weighed on the rupee. ... Interest Rates. The currency “is not out of the woods, although the ...
India's current account vulnerability falls, but risks remain
Measures to curb demand for imported gold have contributed to a sharp narrowing of India's current account deficit, global consultancy firm Capital Economics said. "This should make the rupee less vulnerable to shifts in global investor sentiment," it ...
Early news is good news
A fall in CAD does not mean a fall in gold demand
How election results will set the stage for Indian markets, economy
Declaring their gold, minus all its glitter
THE LOVE of Indians for gold and silver is legendary and Indian politicians are no exception to this fondness for precious metals. ... If it was indeed gold, then it was valued at around Rs 12,000 per 10 gm, which was lower than the market rate. ... contd.
Indian gold premium hits Rs 29096, nears record high on strong demand, limited ...
Gold demand in India was robust on Wednesday, but limited supplies were forcing jewellers to pay near-record premium. The actively traded gold price for February delivery on the Multi Commodity Exchange (MCX) was up 0.12 percent at 29,096 rupees per ...
November 2013 Precious Metals Review
Gold futures plunge to 5-month lows amid strengthened US economy outlook
What's Broke In Gold & How To Fix It
Gold prices steadies near 5-month low, US data eyed
Gold price steadied on Wednesday after striking a 5-month low in the previous session, with investors awaiting more U.S. data to see whether a reduction in the Federal Reserve's monetary stimulus is likely this month, which would reduce gold's ...
Gold Steadies Near 5-Month Low, US Data eyed
Gold price plunges as confident investors pile out of safe havens
In India, traditionally the world's biggest consumer of gold, the government has imposed punishing duty on gold purchases which has led to mass recycling of some of the 20,000 tonnes of gold stashed in Indian homes. Consumers in China have been buying ...
Mac Bank puts the boot into gold
We still expect it in 1Q 2014, but that is now the latest it will be, in our view, and it could even be in December if forthcoming economic data is positive. In 2014 gold will therefore have to deal with tapering being a reality, continued Indian ...
Price Elasticity of Gold in India . Gold is a unique precious metal that is an inseparable part of many cultures across the globe. Gold is used in making jewelry ...
The page shows current gold and silver price today in India in Indian Rupee (INR) per ounce, gram and tola in different karats; 24, 22, 21, 18, 14, 12, 10 based On ...
Sify is one place to know live silver price in India. Get silver rates per kg with prices in metros and more
Best Answer: $880.65 USD ... For what purpose your asking this questions? do you want to buy any gold ornaments? If you want to know the daily rate of the ...
current gold rate in india | Find current gold rate in india at Clickindia. Get details on current gold rate in india in India
Know the latest gold rate in India: gold price in rupees per gm. for 24 karat gold to 2 Karat! Gold rates in metros, silver price, bullion stock quotes, gold funds ...
Check Todays Gold Rate in India on Economic Times. Know the latest Gold News, Gold rate, Gold price in India, Gold details on its MCX futures live prices ...
currency exchange, gold price, silver price, draft rate, Currency rate, Gold Rate in Dubai, Silver prices, Silver rates, Dubai Silver price
www.Livechennai.com, Gold Rate Today in Chennai,Get Gold Rate/Price in Chennai, Current gold price/rate in Chennai, Chennai Gold market,
Check Gold Prices in India today,see Live Gold rate in INR,we provide instant gold price history and silver price history.
Copyright © Gold Rate in India. All rights reserved. The material in this site is intended to be of general informational use. See the Terms of Service for more information.