This title brings some happy expression on the existing holders & Some annoying expression on people,who is planning to buy in future!
I assure you that at end of reading this blog,Everyone get a clarity about long term view of Gold.
People who all planning to accumulate a gold in upcoming period will have a chance for a Best entry.!
In this blog,We are going to discuss about 3 Segments about gold.
- Why the Price will go up ?
- How we predict it will go up ?
- When will it Happen ?
Why the Price will go up ?
Usually in Asian Countries, Gold is consider as a major type of investment.Because its only asset we can carry everywhere and sold easily at any type of crisis.
Till Nov 2003,Gold prices are determined by Convinients of Shop owners of India.
At Nov 2003,Gold is added as a commodity in Mcx Market for speculation.
Expert Says this was a major reason for the Surge in Gold price in india.!
Because online speculators traded with comparison data of Forex Gold price.!
As per an article in Economic Times,Indian Consumes 800 to 850 tonnes of gold annually.
Due to a sentimental factor of gold as investment,demand of gold is increased based on online market price.
2008 Recession made an oppurtunity for more speculators in mcx market.Once gold was considered as an investment in commodity market,it was compared with the alternative investment path from Equity market.
From their, Speculation is vice versa in both Equity and Commodity Gold Market.
Whenever Stock price gets surge,Mcx Gold price will come down.
Same happens when Mcx Gold price surge , Equity stocks price will fall down.
The Investors entry was depend upon the Trends of these markets.
Being in Covid Pandemic sistuation, investors action is higher in gold market compare to equity market.
So,In Our point of view, these was the reasons for Increasing in gold price.!
