3 Components Affecting The Gold Rate In India

Gold Rate 

1) History of Gold

Gold is just not thought of as simply a yellow metal or investment which comes in and out of season. It truly is viewed moreso as part of the culture, a bedrock in the society if you will. Indians view gold as the foundation by which planet earth was made. Gold can be regarded as the greatest object of their total affection. It is often handed down from one generation to another and is the last asset sold at any time at all. In such a way, Indians view gold the same way Americans view cash, as being the ultimate safety vehicle. However, over the years, gold has assisted in maintaining purchasing power for it's owners, while cash hasn't.

2) Gold Gifting for Weddings

Gold and jewellery expenses makeup approximately 30-50% of combined marriage expenses. Gold is given instead of cash because it is viewed as eternal and everlasting. With today's rising gold rate in India, there's no reason to expect this trend to slow any time soon. It should remain one of many important aspects for years to come.

3) Increased Jewelry Demand

he jewelry marketplace is currently valued at approximately $27.5 billion (INR 1.22 trillion) and it has been growing on a 15 % clip. Much of this is a result of increased income levels in India, rising purchasing power as well as a higher gold price. In India, gold jewelry is viewed as a safe and secure investment option that may retain it's investment value.

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