Gold Still A Long Term Investment For Buyers

By Author: ruchi jain
Total Articles: 123
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Gold prices are constantly witnessing an instant fluctuation in almost every metros and sub- urban cities today. As per the latest data received, today's gold rate moved down to Rs to Rs 30,383 per 10 grams, taking weak signals from the global market.

Besides any other city, gold price in Chennai has reached to Rs. 2,916 for 22 carat of gold. Jewelers said the increase in import duty would not bring down demand for the precious metal, but would only lead to a further increase in its cost by about Rs. 600-Rs. 700 per sovereign of jewellery. Also, smugglers could now make up to Rs. 2.10 lakh for every one kg of gold brought into the country.

As Per the latest statistics, today's gold rate in Ahmadabad is fixed at Rs.29, 960.00 for 10 gm of gold. Plus, the rate for 1 gram of 24 carat gold is Rs.2, 996.00 and for 1gm of 22 carat gold in Ahmadabad is Rs.2, 779.00.

Moving further gold rate in Chennai has reached to Rs. 29840.00 for 24 carat gold and Rs. 27354.33 for 22 carat gold, which is comparatively less that Ahmadabad. Today's gold rate in Bangalore is reached to Rs. 2725 per Gram of 22 carat gold.

Since ...
... gold prices have been impulsive of late, jewellers also believe that sales have not been very good even during the wedding season. However, the duty hike would attract more buyers as the yellow metal was a preferred investment venture that promised good returns.

Furthermore, in spite of the instantaneous fluctuation in the gold price, the yellow metal is still a great long term investment for the masses. As per the recent research, the gold price traded as high as $1,609.20 and as low as $1,578 an ounce, while the spot price was dropping $21.50,

The difficulty in valuing gold lies in the fact that it's an asset that is never expected to produce any cash flow. Valuing such an asset is a fundamentally different concept to that of valuing bonds or stocks. Even growth stocks are in theory eventually expected to pay the investor something. These future expected cash flows discounted back to today determine what the stock should be worth today. The difficulty of making such estimate aside, no one would ever buy a stock or a bond that is never expected to return anything.

Free classifieds are the one stop destination to locate all the information regarding gold price in Ahmadabad, Chennai and any other city. Also you can peep into the earlier prices and compare it with two or more Indian cities simultaneously without wasting a single minute.

Author is giving information about today's gold rate and gold rate in Ahmadabad. For more details log on to khojle.in where you will find the current price of Gold and Sliver.