Bonanza for Investors as Gold Heats Up

By Hemanth | September 1, 2015

gold

Bappi Lahiri would be grinning ear to ear.

King Solomon’s mines would be getting emptied like there’s no tomorrow.

Reason?

Gold’s going up!

There are two indicators why gold investors can hope for an upside to their gold investments in the future.

One, the gold import tariff has gone up. This just means that the government has taken note of rising gold imports. Rising gold imports only point to the fact that, of late, Indians are taking a shine to the yellow metal. This further means that gold is poised to turn the corner after years of price depression.

Two, gold price itself has perked up, finally breaching the Rs. 27,000 per 10 gm barrier, in line with global trends that have seen an upswing for the first time this year since January.

So, all you gold investors out there – don’t feel guilty if you have a gleam in your eyes. This is one occasion it’s okay to be greedy.

 

YOU MAY ALSO WANT TO: Check the gold price as of today.

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About Hemanth G

Hemanth is Editorial Head of Content Research at BankBazaar. A published author with Westland Publishers, Hemanth is an alumnus of Indian Institute of Management Calcutta and has been a senior management professional for over a decade and a half, with deep experience in business strategy and marketing and a specialization in Advanced Finance from AIMA. Five years and a day ago, he started writing in a professional capacity, and has since penned seven books including two bestsellers. Also a consulting editor, his works include fiction novels, international anthologies and corporate biographies. Hemanth writes under the pseudonym of "Hemanth Gorur".

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