Zee Media Bureau
New Delhi: Gold futures in India plummeted to Rs 26,000 mark on Monday –lowest since December 2011 - 15-month low.
Gold has seen the best of its time in the year 2011 and 2012 when it reached a peak of Rs 33,000 per 10gm.
However, global trends suggest we have entered an era of falling or stagnant gold prices. While some are mulling over future of gold, for others it is time to rejoice. Is gold still the safest investment option? And can we make the best out of it?Cheap jewellery
Firstly, when the gold is sliding down, the opportunity can be used to buy into the metal.
With the domestic wedding season set to start this month, the big fall in the price of the yellow metal will help make gold jewellery once again accessible to the common man. So, if you were thinking to buying gold jewellery then this is the time to do it.Long term plan
Historically, Gold has always kept its head above inflation with built-in safeguards its value. Like property, gold has proven that it’s a good investment in the long term. Those looking to invest in gold should look to it as an asset class. Wise investment
A smart investor will never invest his entire money on a particular segment. Single window investment should be strictly avoided. Hence, according to market experts, investors should not bet on Gold as a one-stop investment platform. A limited amount of your wealth should be parked under Gold.
Investing in Gold is a wise decision but in a limited amount. The return is high but the risk of losing your money is also higher in Gold.
First Published: Monday, April 15, 2013, 16:43