Independence Day 2021: In 1947, the price of gold was around Rs 88 per 10 grams. Currently, the price of gold is close to Rs 46,500.
Independence Day 2021: The members of every Indian family have a deep and emotional bond with gold. But very few people know that in the 75 years of independence, this connection has become deeper than before. This is the reason why some gold is definitely available in every house. It is because of this special relationship with gold that people, whether poor or rich, keep it with them in more or less quantity. Then gold has also been considered a better means to meet the sudden need of money in emergency.
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75 Year ago the price of gold was Rs 88 per 10 grams
In fact, since the independence of the country, till now there has been an increase of about 52,000 percent in gold. In 1947, the price of gold was around Rs 88 per 10 grams. For the first time in 1959, gold had crossed Rs 100 per 10 grams. Whereas in 1974, gold continued to cross the 500 level. In 2007, the price of gold was Rs 10,000 per 10 grams. In August 2020, it crossed the record of 56,191. Presently the price of gold is around Rs.10,000 below the all-time high. Currently, the price of gold is close to Rs 46,500.
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Gold gives good returns in volatility
Gold experts say that apart from jewellery, it is a good time to increase investment in digital gold. One can invest in Gold ETFs, Gold Bonds, and Gold MFs. Investing in gold jewellery, gold coins, ETG gold, sovereign gold bonds, digital gold and gold derivatives can be an investment option. Gold gives good returns in times of volatility.
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Keep this thing in mind while buying gold
Experts associated with gold business say that while buying gold, take special care of its purity and hallmarking. Make sure to write the hallmarking and price in the bill. The hallmarking of gold is decided on the basis of carat. It is important to take care of the making charges in the jewellery. The making charge can range from 3% to 25%. Also, take the certificate of James and Stone.
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