The Gold price soars at an unexpected speed on a daily basis leaving the common public with pondering questions about this non-stop rise in gold price. To check the Gold live price daily, use the following link.
The daily gold prices of Chennai, Mumbai, Delhi and Kolkatta are given here and the differences are also pointed out to know the rise and downfall in the gold and silver rates.
For gold, the rates are given per 10g and for silver the rates are given in the site per 1kg. To get the price of gold and silver per gram, check out here on Prince Jewellery’s website where they update it periodically online – Princejewellery.com
Here are a few facts about gold and why the gold price increases day by day.
For a long time and till now, gold has been the only profitable commodity or asset for investment which can give you assured returns or profit. If you are a long-time investor in gold, it is okay but for new entrants investing in gold the idea might need a revised advise as all that happens around gold is growing like a bubble which can burst anytime and that could lead to a disaster who have believed a lot investing in gold. Emerging more number of people investing in gold is one among other reasons why the gold price increases tremendously.
Other reasons that shoots up the price of gold is the weakening dollar and Asian countries like China, India, Soudi Arabia, Bangladesh are buying gold abundantly than normal.
Here is a simple advise for investors in gold. Investors are assuming that gold price will drive up further and they tend to buy and dump more gold. No doubt that gold rate will go up however one must not forget that the prime factor contributing to this hike in price is weakening US dollars and mad rush in Asian market to buy gold. Considering so many other factors, US government will no way allow to weaken the US dollar further and buying of gold will stop some day.
As a preventive measure, here is a warning or cautious reports who are rushing in buying gold as investment that the rise in price will eventually fall and it will be like stock market crash, gold price will definitely fall. Instead of going too much on gold, think innovative for investment. Be innovative and control your run for easy money. This is what the facts about gold has got to teach in this modern age.