Gold is not needed for the jewellary but it is a one kind of investemnt to oppose inflation. As the price of the gold rises day by day and it has reached up to Rs 18,000/- per 10 grams and it is earmarked rise and has to be notify about it.
Secondly, investment in real estates also counts. A person taken a house at Mira Road with one bedroom hall and kitchen before 8 months at around 8 Lakhs sold at a premium of Rs 10,00,000/- within arange of 8 months. So, there is a immense growth of wealth in these two sectors and more obiviously one has to invest a huge capital.
With gold, one can buy the raw gold and also the Gold Bond issued by the government of india and commercial banks in the form of gold coins and bars and with real estate one has to buy a plot of land which costs no more than atleast 75,000/- more in the remote areas.
The other advantges of investing in Gold is it is not volatile like other currencies and it is more stable and the safest kind of investment. Secondly gold is the best security to obtain loans from the bank.
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