Investment in Gold and Silver: Future Prospects

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Deal Subedar
EndOfHistory

The current Gold Price stands at 

                Fine Gold (999):  ₹ 7340    per gram

                             22 KT:  ₹ 7164   per gram   ( these rates are without 3% GST and Making Charges)

                                 Silver Price is Rs 919 / 10 grams

    On a year-to-date basis, silver has gained more than 11% till now while gold rallied nearly 15%.

    The expert thinks rates may rise up to ₹1.68 lakh per 10 grams by 2030.

    You can visit this website to track gold prices: https://www.ib...o/


    I purchased few SGBs when Gold was around 5000 something. 

    Do you also invest in Gold and what are your plans/ strategy for further investment?

    IMO SGBs along with Gold Coins we get on discount during Online Sales are a good way to accumulate gold, considering the future prospects.

    Please share your Opinion

    Disclaimer
    We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
    Top Comments
    Benevolent Benevolent
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    Will buy some SGB once Gold falls a little.

    Benevolent Benevolent
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    1000022114

    This just hurts. 

    15 Comments  |  
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    Benevolent Benevolent
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    Will buy some SGB once Gold falls a little.

    Benevolent Benevolent
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    1000022114

    This just hurts. 

    Deal Subedar Deal Subedar
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    Bhai 133% return..
    at least 100 rs to daal hi dete
    View 1 more reply
    Deal Cadet Deal Cadet
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    Any famous shops giving discount on making charges present? Any sale ?

    Deal Subedar Deal Subedar
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    around Dhanteras/Diwali, almost all leading stores announce discounts on making charges..
    You can also bargain at the store to reduce making charges, as the price is mostly flexible
    Deal Cadet Deal Cadet
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    Sold today

    Had invested via gullak gold +

    Underground hone ka samay aagaya hai

    Also

    Don't Invest in gold via SGB unless you are cash rich and plan to hold it for 5 year, because when you go to sell into secondary market you have to sell it at a big discount of 4-12% all that simple interest gain will quickly wipe off, also in gold etf after 2023 it is(profits) taxable as per slab so invest via mom/dadi accounts

    Deal Cadet Deal Cadet
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    Also whenever experts think/say xyz will happen , it won't . Also who are these experts? Current price rise  is also simply not explainable . Have got IRR of 40% in last 8 months ,more than enough. Let this comment sit here and age and see what happens

    Deal Subedar Deal Subedar
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    Gold/Silver price or value will always be there.
    Current increase is due to increased demand and interest rate cut
    View 1 more reply
    Deal Newbie Deal Newbie
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    Currently gold price increased due to two reasons

    1. Iran Israel conflict, whenever any conflict or geopolitical tension looms, people tend to run afterthe safe haven.

    2. Chinese Economy - the growth is not as expected and hence the average household there also prefers to have investing in a gold kind of mindset like Indians. They invest in gold beads. You can google more on this.

    I am currently investing in digital gold through BATUK app, as digital gold has certain advantages over SGB, ETF and Physical Gold

    A. Anytime liquidity

    B. Can be converted into Physical Delivery

    C. Indexation Tax Benefit

    D. Long term capital gain benefit if held for 3 years.

    During the 2008 crisis, gold rallied 25%. Hence it is recesion proof too.

    I would say add digital gold to your portfolio and I buy through batuk app.

    Deal Subedar Deal Subedar
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    Digital Gold is not a good way to invest, too much difference bw buying and selling prices and various taxes are also there
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    replyuser
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