For small investors in India, sovereign gold bonds is the best choice.
Increasing power struggle between the US and China has heightened geo-political tensions among the powerful countries. These mighty nations trying to prove their supremacy over others has been the root cause for market volatility across the board. And, the fear factor has once again brought to fore the flavour of safe haven for investors as far as gold is concerned. Back home, things are also far from promising. Uncertainty has gripped Indian markets and the volatility will continue to prevail till the ensuing general elections.
These trends will have an immediate impact on gold, globally and locally, and prices will firm up in the near to medium range.
Dinesh D Parekh, Mumbai based bullion expert, feels the firm trend in bullion will continue in 2019 and for some more time after that. “First, the continuance of this trend is because of the recent US government shut down and its impact on the US currency, which has weakened. This has helped in firming up the gold prices in the international markets. Second is the US-China trade war. Third, gold prices are to remain strong because of the sustained demand from India and China,” he added.
Bhargav Vaidya, Chartered Accountant, and Hedging Advisor, Mumbai’s gem, jewellery and diamond sector, said, “We are dependent on rupee-dollar exchange rates as far as the price of gold is concerned. With weak rupee and strong dollar, gold prices go up. There is an inverse relationship between rupee and gold prices.” He further added, “I see international gold price in the range of $1,250 over the next four to six months while over a period of the next four to six quarters, I feel, it will move in the range of $1,361 (high) and $1,221 (low).”
Denne historien er fra February 2019-utgaven av Outlook Money.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra February 2019-utgaven av Outlook Money.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
5 Questions That Will Lead You To The Right Financial Planner
Choosing a financial planner is not as easy as it may seem. Besides the right credentials, you should also consider things like the kind of services you will be needing-tax advisory, estate planning-as well as the fee structure. Here are five questions that will help you choose the right planner
Health Insurance Sub-Limits
Sub-limits in health insurance are restrictions placed by the insurance company on the SP maximum amount they will pay for specific expenses that are part of the total hospital bill.
Delayed Gratification, Humility, Understanding Inflation And Risks Key To Financial Success
The journey to financial success is continuous, requiring patience, education, and disciplined decision-making.
Avoiding Common Pitfalls through Asset Allocation and Multi-Asset Investing
Just as you track the calories and nutrients for a well-balanced diet, you need a balanced portfolio that has multiple assets to balance the risks and returns.
Mutual Funds for Financial Growth
Mutual funds allow you to invest in small amounts and seize the compounding growth, and experts help tackle volatility and asset allocation, making them a potent tool to create wealth.
Multi-Asset Investing is The Financial Equivalent of A Well-Balanced Diet
Just as you track the calories and nutrients for a well-balanced diet, you need a balanced portfolio that has multiple assets to balance the risks and returns.
Theme and Triumph: How Thematic Funds Can Boost Your Bottom Line
Thematic funds target high-growth opportunities in various industries and economic sectors, allowing investors to participate in future-focused segments to generate long-term returns.
Wealth Creation Through SIP - The Slow & Steady Road to Success
For investors seeking to create long-term wealth, SIPS are a powerful tool that enables regular, disciplined investments to generate compounding returns.
Tuition Fee Varies Among Countries
I am 22 years old and have recently started working in a software company.
Thematic MFs: Timing Is The Key
Most investors get into a theme when it is giving good returns, as they don't want to miss out on the rally. However, the key is to have a contrarian approach
