DAILY UPDATE





On Friday, January 25, the Gold opened at Rs 32,032 per 10 gram of 24k (99.9%) at the bullion market. Thus, showing a minute jump in its value as compared to its previous closing price of Rs 32,013. The rise in gold price today was due to fresh positions created by speculators amid a firming trend overseas.MCXGold Rates - Spots & Futures (.995 purity)Tola is an ancient measurement unit which was used in some Asian countries as well. Nowadays, it usage is restricted to gold measurement only. Today, one tola of gold is equals to 10 grams. Read more... Ounce is a common measurement unit used for weighing precious metals such as gold, silver, platinum, palladium, rhodium, etc. In ancient times, it was used in Britain to measure various traded goods. It the United States, Ounce is still used in the day-to-day retail sale of groceries and many other domestic and international trade process. Read more... You see gold price changing daily in the market. There are various political, economical and global factors that affect the price of gold. The GDP rates, stock market indices, currencies exchange rates, gold mining, gold consumption rate, wars, sanctions against other countries and many other such events at local and global level have an impact on the gold price globally. Read more... The gold's purity is measured in Karat. A 24 Karat gold is the purest form of gold which is generally sold as gold bars and gold coins. The different Karat of gold is used to make different gold based items such as bars, coins, jewellery etc. Read more... Gold has lost its charm as an investment option in recent years. The return on gold investment has been less satisfactory than before. From FY 2008 to FY 2017, the foreign portfolio investors (FPI) bought around $124 billion of Indian equity shares, increasing the price three-fold. Read more... Gold is popular not only as a jewellery item but has a history of being the most favoured investment option for centuries. Buying a gold today can give you good returns in long period, therefore, it is crucial that you know the quality and purity of the gold you are buying. Read also... Gold has been a popular form of investment all across the world for thousands of years. But there has been a decrease in investment in physical form of gold and new age investors are experiment with new options such as gold ETF, gold equity funds, gold mutual funds etc. Read more... After much debate on the issue of tax reform in the gold price, finally, a rate of 3 per cent tax was fixed on gold under the new tax reform GST. With the implementation of GST, the prices of gold jewellery went up slightly, triggering a panic for short duration. Read more... The profit earned from the sale of your gold is taxable under the 'Captial Gains' for individuals and in case of gold and jewellery dealers, it is taxable under 'Profits and gains of business or profession'. The gold sold can either be purchased by you or gifted to you or acquired by inheritance. Read more... Gold is one of the oldest precious metals to be known to humankind. For thousands of years the gold has been valued as an investment option and admired for its beauty. As a financial asset, gold for years has maintained its value and purchasing power even during inflationary periods. Read more...