Gold has been considered as a symbol of wealth and prosperity in almost every religion since a very long period of time. It has been an important part of any auspicious occasion, whether it is a marriage or a prominent festival such as Diwali. Today, gold is revered for its beauty and is treasured both as a commodity as well as an investment. As per the World Gold Council, investment in gold has been the biggest source of growth in gold demand. Gold has an ability to retain its value even in situations where the sovereign currency loses acceptance. Gold provides the much-needed diversification in an investor’s portfolio, given its lack of correlation with other assets. Gold is not affected to a large extent even if asset classes like stocks, bonds or realty go up or down or remain volatile. As an asset class, it has been performing well in recent years.
Investment in gold is possible by purchasing it in real form. However, gold needs to be safely stored plus the buyer has to pay a handsome price on account of the making charges involved. If you still want to store gold in real form, we suggest you to go for gold coins or biscuits. Now-a-days, gold is available as a paper or electronic investment with the advent of new financial products in the market. Two major Futures exchanges include the National Commodity and Derivatives Exchange Ltd. And the Multi Commodity Exchange of India Ltd. Gold Exchange Traded Funds is another way to invest in gold. If the price of gold goes up on any given day, the NAV of Gold ETF also moves up on that particular day. Gold is one such asset which every investor should ideally consider. However, it might not be a very prudent idea to invest in gold at historical high levels.
Founded in 2005, ABans Group has grown from being a trading house to a dynamic and diversified business group. We provide expertise in Broking Services, Merchant Banking, Non-Banking Financial Dealings, Gold Refining, Realty and Infrastructure. In a nut shell Abans Group is a comprehensive Financial Services and Solution Provider, which aims to provide an end-to-end financial solution to all its clients.
