Description

Gold is one of the most valuable metals on the planet. Since its discovery, it has been regarded as a source of pride for its owners as well as the best form of investment for the general public. It is used as ornament and a means of exchange from the time of the Vedas. During international trade, the majority of advanced and emerging economies use gold as a medium of exchange. In India, a large percentage of investors pick gold as their major investment asset. One of the key reasons for this might be linked to the Indians' fascination with gold. For the Indians, gold has both monetary and social value. Investment of every individual in the country differ owing to the effect of elements like as risk carrying ability, risk aversion and financial wellness. As a result, research into the different elements that influence investing (particularly in gold) becomes a topic of interest. A vast number of economic crises such as currency failure, inflation and stock market crashes have become a natural phenomenon in emerging country economies. It is critical to harmonise the goals of both investors and fund users in order to solve this dilemma. Among alternative investment options, gold is probably the most popular forms of investment. While constructing a viable investment portfolio gold has already got a prominent place either in the form of physical gold investment or gold backed investment funds. The common forms of physical gold investment options are jewellery, gold bars and coins. The forms of e-gold investments are Gold Exchange Traded Funds (ETFs), Gold Futures and other e-gold funds. The Indian gold market ecosystem is a highly unorganized segment but coexists with a fast-growing organised market in the gold supply chain. The gold supply is governed by the import and recycling business. The wholesale importers of gold in India are Trading Houses and Nominated Agencies authorized by the Government. The refiners and bullion dealers are other important stakeholders who play a vital role in the Indian gold market. Along with them the most important players in the jewellery industy are the Karigars, the Manufacturers, the Wholesalers, the Commission Agents and the Retailers.