Saturday, August 25, 2018

HISTORY OF GOLD RATE IN INDIA

August 25, 2018 0

HISTORICAL GOLD RATE TREND IN

INDIA
PRICE OF GOLD IS ALWAYS RISING

Take a historic view on the price of gold, you will see that the price has increased by an average of 10% per year since 1971.

YEAR
PRICE/100 GRAMS
YEAR
PRICE/100 GRAMS
1964
Rs. 63.25
1991
Rs. 3,466.00
1965
Rs. 71.75
1992
Rs. 4,334.00
1966
Rs. 83.75
1993
Rs. 4,140.00
1967
Rs. 102.50
1994
Rs. 4,598.00
1968
Rs. 162.00
1995
Rs. 4,680.00
1969
Rs. 176.00
1996
Rs. 5,160.00
1970
Rs. 184.00
1997
Rs. 4,725.00
1971
Rs. 193.00
1998
Rs. 4,045.00
1972
Rs. 202.00
1999
Rs. 4,234.00
1973
Rs. 278.50
2000
Rs. 4,400.00
1974
Rs. 506.00
2001
Rs. 4,300.00
1975
Rs. 540.00
2002
Rs. 4,990.00
1976
Rs. 432.00
2003
Rs. 5,600.00
1977
Rs. 486.00
2004
Rs. 5,850.00
1978
Rs. 685.00
2005
Rs. 7,000.00
1979
Rs. 937.00
2006
Rs. 8,400.00
1980
Rs. 1,330.00
2007
Rs. 10,800.00
1981
Rs. 1,800.00
2008
Rs. 12,500.00
1982
Rs. 1,645.00
2009
Rs. 14,500.00
1983
Rs. 1,800.00
2010
Rs. 18,500.00
1984
Rs. 1,970.00
2011
Rs. 26,400.00
1985
Rs. 2,130.00
2012
Rs. 31,050.00
1986
Rs. 2,140.00
2013
Rs. 29,600.00
1987
Rs. 2,570.00
2014
Rs.28,006.50
1988
Rs. 3,130.00
2015
Rs.26,343.50
1989
Rs. 3,140.00
2016
Rs.28,623.50
1990
Rs. 3,200.00
2017
Rs.29,667.50



This statistics clearly shows how beneficial is it to invest in GOLD

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INVESTING IN GOLD

August 25, 2018 0

IS IT BENEFICIAL TO INVEST IN GOLD
GOLD BARS
Many experts, including the World Gold Council, advise putting between 5 and 10% of your portfolio into ‘safe heaven’ investments, and gold has classically been one of the top choices for this.
The reasoning is that, from a historical perspective, gold prices tend to move independently and often contrary to movements in the price of other assets. Therefore if the value of all your shares, property and other investments goes down, the expectation is that the price of gold will not move the same way and may well rise to offset some of your losses. Furthermore, physical gold in your possession has no counterparty risk (unlike savings stored in the account of a bank that may fail, or shares in a company that could go into liquidation), and is therefore viewed as even safer in the event of extreme economic stress. For this reason, it has been considered a ‘safe’ investment strategy to commit some of your portfolio to gold because its value may increase in the kind of economic climate that would see your other investments losing value.


This interest in gold and other precious metals is shared across the world. In Germany, for example, investors consider gold as a better investment to protect their wealth than in bank saving accounts. China has one of the longest and most detailed written histories in the modern world, and the stories it tells all include gold, silver, and even copper. Gold is symbolic of wealth and luck in China, and the giving of golden (and more recently golden-coloured) gifts has always been the hallmark of high-status people. Similarly, precious metals also have a long and hallowed history in India, but gold, in particular, is revered. The gift of a gold dowry is an essential part of most traditional Indian weddings to this day.

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