Future of Gold in India

In Indian culture gold is deemed as precious and holy metal which is worn by women. Future of Gold is very bright because its price increases always. Today, Gold’s 10 grams value is Rs. 18,000. 10 years ago its price was just Rs. 2000. As investor, you can estimate how much was the value of gold increased? As investor of Gold, you should rejoice after seeing this rising trend in Indian gold market.

In India, all goldsmiths have also been earning large profit from gold business for decade. They normally sell jewellery, coins and bars of gold. Many of them became billionaires because they can easily hide in the earth because it is the quality of God that it does not be depreciated by touching water and air like iron. One more quality of gold that Indian goldsmiths can easily cheat customer by adulteration of brass in God jewellery because value of brass is very low than god and they earn high profit by this cheating. Even the smallest labors like designer and polisher are also involved in this cheating. So, it is my humble request to invest in Gold bar is better and profitable than invest in gold jewellery. Gold jewellery has faded due to adulteration in it. Suppose, if you buy set of Gold by paying Rs. 80,000, you will get 60% value because of adulteration of brass in these jewelry. So, beware from these cheaters who are finishing the future of gold in India.

In addition, it is 100% possibility that prices of Gold in India will rise because Gold is not produced in Indian mines. It is imported from African mines. I want to tell for your knowledge that in Africa, there is very less gold in their gold mines and they are still using it. So, in future, there will be nothing gold in gold mines and you will get 10 grams gold after paying Rs. 1,80,000 instead of paying Rs. 18,000 in India. So, you can estimate its future.

In end, I want to say gold was always pure in past and will be pure in future and many govt. like china are interested to keep gold as their reserves instead of keeping dollars. So, every Indian should purchase some gold as long term investment instead of losing money in share market. It looks not only beautiful but it will be helpful to protect you in emergency because when you sell it you will get money more than its purchasing value. You can also get loan with in 5 minutes on the security of loan from your local financial market if you want to invest money in any other market. I remembered that my mother sold gold ring in the childhood for treating my dangerous disease due shortage of cash. So, Gold is real friend for every Indian.

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Accounting Education: Future of Gold in India
Future of Gold in India
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