Throughout history gold has been a relative standard for currency equivalents.It is the most popular as an investment.There are various factors which influence the gold price.I think supply and demand are the prime factors which affect the gold price.
In this blog we will discuss about the gold market in India.Indians generally have a huge fascination for gold.Hence the gold market looks poised to achieve greater heights.In India, gold is the second preferred investment vehicle after bank deposits.Also the RBI authorized the commercial banks to import gold for sale or loan to jewelers and exporters.At present,13 banks are active in the import of gold.Hence there was a reduction in the disparity between international and domestic prices of gold.Also gold is considered better during times of recession.There might be a downturn in the stock prices.Hence gold is the safest option to invest in.Thus gold being a predominant investment vehicle plays an important role in determining the economy of the country.
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