The love of gold in India extends back several centuries when kings honoured talent with gold coins as awards or exchanged them for goods. Even today, gold is more than simply another investment asset class, and India is one of the world’s major marketplaces for the yellow metal. Gold is said to be extremely fortunate. Most individuals buy gold because they believe it is a safe haven. Any important occasion – whether a wedding, the birth of a child or even festivals like Diwali – is incomplete without the gifting or purchasing of gold. In fact, throughout the festival season that ends with Diwali, people go out to acquire gold for a number of reasons.
The digital revolution that we are now experiencing has introduced a new type of investment to Indians, known as digital gold. Digital gold is quickly gaining popularity among investors. Simply defined, digital gold is an alternative to purchasing the genuine precious metal. In the next few paragraphs, we will go through all these aspects in further detail. This article will explain why it is vital to have gold in your portfolio, the numerous ways you can invest in gold, and which is the wise approach to do so. However, before we proceed, let us study how gold has performed as an asset class.
Performance of Gold
The graph Movement of Spot Gold Price depicts the trend of spot gold prices from April 1979 to October 7, 2022. As can be seen, the gold price has risen significantly, despite a number of pitfalls. For the same time span, gold’s compound annual growth rate (CAGR) was 11.4 per cent.
Esta historia es de la edición October 24, 2022 de Dalal Street Investment Journal.
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Esta historia es de la edición October 24, 2022 de Dalal Street Investment Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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