October 30, 10:32Aaj Tak

Investment recommendations for gold and silver for people earning 50 thousand and 100 thousand

There is a question about how much money should be invested in gold and silver for people with an income of 50 thousand, considering that storing only these metals carries increased risks. Therefore, there is a need to understand what monthly investment volume in gold and silver should have an ordinary investor, especially from the employed class. It is important to understand that even if the prices of gold and silver decrease, all funds should not be directed into one area.

In conditions of uncertainty, when it comes to reliable investments, gold and silver are often mentioned. History shows that gold has never let down investors; it has served as a reliable shield during global downturns, military conflicts, or inflation growth.

Let's consider an example to understand what volume of gold and silver a regular investor should purchase monthly or annually. If a person's income is 50,000 rupees, it is necessary to determine what share of the portfolio should be allocated to gold and silver. Financial experts strongly advise never to invest all earnings or savings in one place, but always to maintain portfolio diversification.

As a rule, it is recommended to save 30 percent of your salary. Thus, a person with a salary of 50,000 rupees should save at least 15,000 rupees monthly. Next, we should consider what part of these 15,000 rupees should be directed to buying gold and silver. Currently, most people use the Systematic Investment Plan (SIP) system through mutual funds. Therefore, the investor needs to find a balance between gold, silver, mutual funds, and other assets.

Financial consultants usually advise that 20 percent of the total investment portfolio should be allocated to gold and silver. This means that out of 15,000 rupees, about 3,000 rupees should be invested in gold and silver. A more reasonable solution, however, may be to distribute this amount as follows: 2,000 rupees in gold and 1,000 rupees in silver.

Since gold is traditionally known as a means of preserving stability and protection against inflation, the majority of total investments should be allocated to it. At the same time, silver has high industrial demand, which makes it more susceptible to fluctuations compared to gold. Therefore, a moderate monthly investment in silver is approximately 1,000 rupees.

The question arises as to how to purchase gold worth 2,000 rupees and silver worth 1,000 rupees. Today, there are many modern and safe ways to invest in gold and silver that eliminate concerns about jewelry making fees or metal purity. If you plan long-term investments, excellent options are gold ETFs or digital instruments. These methods eliminate the risk of theft and do not charge manufacturing fees.

Additionally, you can start a monthly SIP in gold or silver funds. Starting such small SIPs with amounts of 500 or 1,000 rupees is quite possible. If you prefer to own physical gold, you should only purchase coins or bars stamped with 999 purity from a certified jeweler.

Statistics show that gold has outperformed inflation in the long term and provided investors with high returns. Analyzing trends over the past decades, it is clear that gold prices have constantly risen. In this case, if your salary is 100,000 rupees, you can invest a maximum of 5-6 thousand rupees in gold and silver monthly, which will provide stability to your portfolio.

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www.aajtak.inOctober 22, 07:59

Sharp drop in silver and gold prices on the MCX exchange

On the Multi Commodity Exchange (MCX), precious metal prices experienced a sharp decline on Thursday following the start of futures trading. Prices for both metals plummeted: the cost of silver fell by more than 5,000 rupees, reaching a level of 2.03 lakh rupees per kilogram, while the futures gold rate dropped to 1.44 lakh rupees per 10 grams.

The drop in silver prices accelerated on Thursday, although a decrease had been observed over the past four days. On MCX, the price of silver with a December 4 expiry fell to 2,03,798 rupees, compared to closing at 2,09,168 rupees on the previous trading day. Thus, silver lost 5,370 rupees per kilogram in a single move.

Comparing current prices to the historical high, silver on MCX had previously exceeded the 4 lakh rupee mark for the first time at the end of January, peaking at 4,20,048 rupees. Based on current prices, silver is now available 2,16,250 rupees cheaper than its maximum value.

Not only silver, but also futures prices for gold sharply decreased. On MCX, 24-carat gold with a December 4 expiry fell to 1,44,311 rupees from an opening price on Thursday. Previously, on Wednesday, it traded at 1,46,079 rupees per 10 grams, representing a decrease of 1,768 rupees per 10 grams.

The decline in gold prices has continued since the beginning of this week. On Friday, the last trading day of last week, the futures price of gold was 1,47,918 rupees per 10 grams. As of the writing of this news on Thursday, the gold rate had fallen by 3,607 rupees. Furthermore, compared to September 30, when 10 grams of gold cost 1,49,036 rupees, it is now cheaper by 4,725 rupees per 10 grams.

www.aajtak.inOctober 20, 19:47

Gold prices drop ahead of Dhanteras and Diwali festivals; rates for 18, 22, and 24 karat presented.

For those preparing to purchase gold for the Dhanteras and Diwali festivals, there is good news: gold prices have decreased before the start of the festivals. In India, demand for buying gold jewelry usually increases during this period, so the softening of prices may bring some relief to buyers.

However, the future movement of gold prices will depend on many global factors. Factors such as crude oil prices, tensions in the Middle East, and signals from the US Federal Reserve regarding interest rates can determine the trajectory of gold's movement.

On the Multi Commodity Exchange (MCX), the price of 24-karat gold fell by 0.42% on October 20, reaching ₹1,47,300 for 10 grams. In the retail market in Delhi on October 20, the price of 22-karat gold was ₹13,505 per gram, and for 18-karat gold—₹11,052 per gram.

In the international market, the spot gold price dropped by 0.3%, reaching $4,128.92 per ounce. The American gold futures contract with December delivery also fell by 0.3%, amounting to $4,148.50 per ounce.

It is important to note that the mentioned prices reflect values during trading. The price buyers receive in stores may differ. On the domestic market, gold prices are also dependent on import duties, the dollar-to-rupee exchange rate, local demand, taxes, and jewelry manufacturing costs.

The main reason cited for the weakening of gold prices is the rise in crude oil prices. According to a report by the news agency Reuters, concerns about oil supplies intensified due to the escalation of the situation in the Middle East. The price of Brent Crude remains at a level higher than in the last five months.

It is reported that Yemen rebels supported by Iran announced attacks on Saudi Arabia's energy facilities, airports, and military bases on Monday.

Gold is considered an alternative asset for investment during periods of inflation and uncertainty; however, it does not generate regular income, unlike some investment instruments such as government bonds, which pay interest. Therefore, when an increase in interest rates is expected, income-generating instruments may become more attractive to investors, putting pressure on gold prices.

Investors are also closely monitoring the US Federal Reserve meeting scheduled for October 27-28. The Fed's stance on interest rates may determine the further volatility of gold prices. If the Fed's stance is less hawkish than expected, gold may gain support. However, if signs emerge that interest rates will remain high for a long time, this could increase pressure on prices.

www.aajtak.inOctober 16, 09:32

Changes in Gold and Silver Prices: The Impact of Geopolitical Tensions Between the US and Iran

The global precious metals market is showing an influence from the growing tensions between the United States of America and Iran. In India, on October 16, a slight increase in gold and silver prices was noted.

On the Multi Commodity Exchange (MCX), the price of gold increased by 0.11%, reaching 147,970 rupees per 10 grams. As for silver, the futures price rose by 0.51% to 212,370 rupees per kilogram. These figures are current as of the morning around 9:13 AM. Against the backdrop of heightened international tension, investors are closely monitoring further developments, as the prices of precious metals like gold and silver may fluctuate.

According to a CNN report from Thursday, the US military has prepared options for a renewed attack on Iran, including the potential use of one of the largest US non-nuclear bombs. In turn, Iran has stated its determination to continue fighting for its demands. The rising tension between the two nations fuels uncertainty in global markets, causing investors to pay attention to gold as an asset considered safe in such conditions.

Nevertheless, the value of gold and silver is influenced not only by geopolitical conflicts but also by dollar dynamics, interest rates, and demand in the international market.

On October 16, there were differences in gold prices across various cities. Prices per 10 grams were provided for 24-karat and 22-karat gold. According to this data, Chennai recorded the highest price for 24-karat gold, while Kolkata had the lowest. It is important to remember that these are city prices, and the final cost when purchasing jewelry may differ due to store tariffs, manufacturing fees, and applicable taxes.

Like gold, silver also showed a price increase. The prices for 999 purity silver in different cities were as follows. The highest price for silver in these cities was recorded in Chennai, and the lowest in Kolkata. Before making a purchase, it is recommended to check the current prices for precious metals in the local market.

When buying gold, it is crucial to understand its purity. 24-karat gold is considered the purest, but due to its relative softness, it is usually not used for making jewelry. Meanwhile, other metals are added to 22-karat gold, making it more durable for jewelry creation. This is why the purity of gold can differ for investment purposes and for purchasing jewelry. When acquiring gold jewelry, it is essential to check the stamp and purity information.

In the near future, the prices of gold and silver may be affected by tensions between the US and Iran, dollar movements, expectations related to interest rates, and global demand. If tensions rise, this could support demand for safe-haven assets. However, changes in the international market could also lead to price decreases. As of October 16, prices for both metals rose in the futures market, but this daily increase cannot be taken as a guarantee of further price increases.