The Reasons For Gold Demand In India

by bhaskar janagani You Learn More From Failure Than From Success

Gold demand in India

According to the World Gold Council, last year's gold demand in India has declined. India, however, has also surpassed China in terms of gold consumption. In fact, demand for gold in India has declined and demand for gold has increased substantially over the past few years. Despite good alternatives like e-gold and gold ETFs, investors are eager to buy gold in the existing physical form. The central government has tried to reduce gold imports through excise to curb the current account deficit. Last year, the tariff hike was brought into force to discourage gold import and gold price in India are fluctuate based on US Dollar as well.

How to Trading in Gold Investments

To have Gold trading, you must have a bank account and a demat account. Nearly all brokerage firms offering stock trading offer gold trading. But even those who are traded in commodity trading can do gold trading. Companies like ICICI Commodoad, Sherkan, Refoccopy, ISJ Komodesk and North East Commodities are affiliated with NCDEX and MCX, with gold and other commodity trading services. You can start an account with 200 to 500 fees. The Forward Market Commission (FMC) has the control of Commodity markets as SEBI has to control the stock markets.

How to use gold in electronics products

Gold is also used in the manufacture of electronic products or goods in the present days. Gold is the reason for the use of electronic products because gold is not rotten or spoiled for many days. Most small electronic devices make it less voltage available. Otherwise the object will be more likely to fall apart. For this reason, gold is used to protect the body from damaging the body. The object will grow long. Connectors, switches, relays, and connecting strips are used well for the juice. Most people do not know that we use gold in the day, cell phones, calculators, personal digital assistants, and global positioning systems. We will learn gold prices from time to time. In our house there is also gold on TV. As a result of the use of gold in the manufacture of goods, we lose a little bit of valuable metal. Because it does not recycle it again after use. This amount of impact can be in the long run, though gold is the size of the used quantity. At present, gold has not changed much in the country's gold prices.

The reasons for gold demand in India

The World Gold Council (World Gold Council) has published a report on the Indian Gold Market: The report cited the reasons for the demand for gold in India. According to the report, people are buying gold mostly for three main reasons, such as marriages (24%), birthday celebrations (15%) and religious festivals (12%). The Gold Council analyzed the golden usage of the country for 25 years between 1990-2015. The use of gold or the use of gold is mainly due to the revenue of the people and the change in gold rates. Growing public earnings will have an impact on gold rates despite rising gold rates over revenue. In addition, demand is going up. On average, the demand for gold will increase by at least 1% if the country has increased by 1% to buy gold. One per cent of gold prices will see a 0.4 per cent decline in gold demand.

If you want to discuss more about gold prices, Meramaal has started a discussion forum to discuss gold price in India.