Will buy some SGB once Gold falls a little.
Investment in Gold and Silver: Future Prospects
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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
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This just hurts.
at least 100 rs to daal hi dete
Any famous shops giving discount on making charges present? Any sale ?
You can also bargain at the store to reduce making charges, as the price is mostly flexible
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
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
Current increase is due to increased demand and interest rate cut
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.
Will buy some SGB once Gold falls a little.
This just hurts.