Gold is a precious metal and always
been an object of desire. In India, gold is always considered as a symbol of
purity and good fortune. People in India seek out it for personal wealth and
security. There are two main factors which are influencing gold prices:
Increasing Demand of Gold: For Indians
gold brings blessings, good luck, prosperity and beauty. No wedding and
festival is complete without gold and jewellery in India. Though there is a
high price, still the demand has not come down. In the Indian society, the tradition
of giving gold in marriages is deeply ingrained. So People in India start
saving soon after their children are born. India accounts for nearly
one-third of the total world demand for gold.
Inflation: The most popular reason to own gold
is as a hedge against inflation. The major cause given for the rising price of
gold is inflation that runs rampant amongst the world’s currencies. While gold
is not the reason of inflation, gold as a commodity responds to market
fluctuations and interest rate changes.
Today’sgold rate in Delhi depends on the demand and availability of the metal. The
gold price is changeable in nature but those in commodities market seem to have
a better grip on this. The gold is much in demand in metro cities like Delhi
and Chennai. These cities are reckoned to be India's densest jewellery
hubs.
If you have good market knowledge, you
can also do Gold Jewelry Business in India. Even a career in jewellery designing
is a rather rewarding profession today. Today people in India have become
more aware about the jewellery they wear. Gold jewellery becomes as a style
statement and less as an investment. Owing to that there is a great
demand for creative hands who can design jewellery as per the different occasions.
If you are looking for a job in
jewellery designing or want to get daily updates on gold price stay tuned with
free classified web portals like Jagran Classified website. All you have to do
is to register yourself and visit these websites regularly. Jagran Classified
is a well known free classified website in India where you will get gold rates
city wise. To check today’s gold rate inChennai, visit this website now. Apart from this, you will also post or
search advertisements based on property, automobiles, matrimony, etc. Jagran Classified also provides paid services
across India. To know more visit its official website now.
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