These are ‘gold’en moments

     Gold ends with an historical high of 28,150 INR per ten gram this week in Indian market, and seems to be continues with rising trend in future days. This is the first time in the history of Indian market that gold crosses 28,000 cross mark. If we see the trend, it looks likely to cross 30,000 INR/10 grams in near future.
There may be many reasons for this price rise such as stock market fall across the globe, heavy purchasing by banks, marriage seasons ahead, festival season, but, investment on this precious metal is becoming the first priority among investors. Volatility in share market, and weak economic outlook points finger towards the gold as the traditional safe haven for savings.
     Gold is the most popular among all metals in Indians, and people here believe that gold is a safe assets against any economic, political, social, or fiat currency crises. Even at the time of global recession, the investment on gold had generally given good returns which justify their belief. As a result, days goes on investment on gold is becoming more lucrative.
     As technology improves, there are many alternative options available for gold investment. If physical asset seems to be heavy, then investor may go for blue-chip gold shares which are the logical alternative. Digital gold currency and e-gold are also increasingly popular. For DGC, investors need not comply with specific financial regulations as providers are not the banks, and generally they operate under self-regulation. Gold mutual funds are also helpful alternatives.