Market Commentary 08 Sep 2017
The underlying objective of an investment is creating wealth to achieve our financial goals. And the goals could be owning a house, funding for education or wedding, providing for retirement and health care. Therefore, it is important that your investment decisions keep in mind your personal financial roadmap.
Based on your goals, risk appetite, and real income, you can invest your money across a portfolio of select asset classes. Time, too is a crucial factor in this context. You should consider the maturity period of each investment, in order to decide the right time to buy or sell so that your aspiration or goal can be accomplished. Including time in the investment decision is a smart approach to ensure you reap better returns.Gold for long-term benefits
One of the popular and common investment advice doled out is “buy low and sell high” for obvious reasons – maximise profit. And it isn’t much different for gold, given one is not chasing trends and following the herd. This psychological bias implies buying when the price is rising, and selling when the price is falling, so one doesn’t miss out on the opportunity to make hay while the sun shines. The problem arises when a novice investor is unable to figure the range of “high and low” movement. Subsequently, you may be left with either insignificant returns or considerable losses.
The price of gold in India is associated with the price prevailing in the international markets and the currency adjustments. This is because India imports a majority of its gold. So, the factors affecting gold prices have a global context. The influential factors are listed below:
The right time to buy gold is when an investor perceives the value in adding the long-standing lustre of an undisputed asset class, to their portfolio. In fact, to take advantage of any near-term fall in prices, investment in gold can be distributed over a span of period, considering modern investment options that allow regular but small investments over time.
It is a traditional Kashmiri bangle. It has a unique design consisting of two snake or lion heads at its two ends and is generally made of solid gold or silver.
Enter an amount to find out its value in gold
Please enter numeric amount
of gold today