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Gold

The End of Gold Saving Schemes

The End of Gold Saving Schemes In 2011/2012 a lot of Gold jewelry companies/shops had launched Gold Saving Scheme – an innovative way to sell jewelry which had become unaffordable due to sharp increase in Gold Prices. The broad scheme structure was the customer needed to pay for 11 installments and the company paid the last installment. The entire money could then […] Continue reading →

Why do Indians buy Gold?

Why do Indians buy Gold The love for Gold by Indians is a known fact and has been passed from generation to generation. India constitutes one fourth of the world’s gold demand and around 10% of Indian household saving in 2011-12 was invested in Gold. Morgan Stanley conducted a survey on Why did we Indians buy gold in last 12 […] Continue reading →

Gold ETF and e-Gold Turnover on Akshay Tritiya

Gold ETF - Exchange Traded Funds There were reports of heavy buying of Gold everywhere on the auspicious occasion of Akshay Tritiya on April 24, 2012. I thought of checking how did the new channels of buying Gold – Gold ETF and e-Gold performed. Below is the graph showing turnover of Gold ETFs on Bombay Stock Exchange (BSE) on April 24, 2012. Also […] Continue reading →