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CPI gained 0. The reading marks an acceleration from the 0. Gold, a precious metal, mostly appears in alloys and only rarely in its pure form. Because of its physical properties, it is resistant to air, moisture, heat and many solvents. Gold also has a high density. Gold is regarded as a secure investment and is very popular as a means of coverage in times of crisis. Its high value and its rarity and uniqueness make gold a secure financial investment which also withstands inflation.

Gold was extracted in Egypt as early as B. This shows that people have always been fascinated by gold and by its rarity, durability and beauty. Because of its properties, gold is also one of the most important industrial raw materials. The yellow precious metal is easily workable and conducts electricity and heat.

Because of its excellent conductivity, gold is used particularly in the electrical industry. Gold has also been used in dental technology for around years. However, gold is used most frequently in the jewelry industry. Various other purities for gold also exist and are measured in relativity to 24 carats.

The 22 carat purity gold is ideal for jewellery making. It is 22 parts gold and two parts silver, nickel or any other metal. The mixing of other metals makes gold more stiff and appropriate for jewellery. The 22 carat gold often reflects Gold rates may vary from city to city based on various factors including demand, interests levied, octroi charges, state taxes, gold traders, bullion associations, transportation costs, making charges and other such. Gold is one of the most popular investment tools worldwide, especially in India.

Like other financial assets, the price of gold also keeps fluctuating. While demand for gold is one of the key factors that determines its market price, a gamut of other factors have a role too.

Find below some of the factors affecting daily gold rates. Like any other commodity, demand and supply economics has a huge impact on gold prices. Increased demand with constrained or low supply usually results in a price hike. Similarly, an oversupply of gold with stagnant or weak demand can push the prices lower.

In general, the demand for gold rises in India during the wedding and festive seasons. During inflation, the value of the currency goes down. In such a scenario, may prefer to hold onto money in the form of gold. This results in a spike in the prices of gold, which, in a way, acts as a hedging tool against inflationary conditions. Gold and interest rates tend to have an inverse relationship.

As the interest rates increase, people tend to sell off their gold to earn high interest. Similarly, when the interest rates decrease, people tend to buy more gold, thus increasing the demand. A major part of gold demand in India comes from rural areas. This demand usually tends to escalate after a good monsoon, harvest, and resultant profits. Many governments have financial reserves that are composed primarily of gold, and India is no exception. However, if this reserve exceeds the gold sold by the government, the gold prices increase due to an insufficient supply.

Gold trade in the international market transacts in US dollars. During import, when the US dollars are converted to Indian rupees, the gold price fluctuates. Usually, if the Indian rupee depreciates, gold import turns to be costlier. Gold has a low to negative correlation with all the major asset classes and thus, makes for a highly effective portfolio diversifier. As per the experts, gold protects one's portfolio from volatility because the factors that affect the returns from most asset classes do not influence the price of gold much.

Some even believe that as the shares of a company fall, an inverse correlation might develop between gold and equities. During geopolitical turmoils, such as a war, the demand for gold tends to go up as a safe haven for parking funds. Thus, while a geopolitical turmoil negatively impacts the prices of most asset classes, it has a positive impact on gold prices. Octroi is levied when the goods enter a city, whereas Entry tax is levied when the goods enter a state.

Furthermore, if your gold is valued at more than Rs. Making charges are usually levied on gold jewellery and may differ from piece-to-piece, depending on the design, as well as from jeweller-to-jeweller.

One of the most popular forms of investments in India, it is considered as an important tool of financial security. Besides the financial aspect, this yellow metal also holds religious and cultural significance in many a culture, factors which also add to its market value.

Although the modern markets are flooded with digital gold , the charm of physical gold stays intact. However, investing in gold can be a tricky business and requires careful consideration of many factors. However, 24K gold is present in a malleable liquid form and needs to be mixed with other metals for sturdiness. For instance, 22k gold is a mix of 22 parts of gold, i. The greater the level of purity, the more expensive gold is.

Some of the collectable gold coins have a higher market value than other forms of gold.