Recently, gold prices fell by Rs 53 to Rs 27,326 per 10 gm in futures trade on Wednesday largely in tandem with a weak trend overseas and profit-booking by speculators. The city jewellery market witnessed a rather low customer response on the occasion of ‘Akshay Tritiya’ on Tuesday with gold prices touching Rs 27,120 as compared to 26,400 on Gudipadwa.
The data shows trend in the Price History of Gold (10gms) over the given period of time. Given below is year wise Price of Gold in India in last 42 year. In the initial period, the price of gold was around Rs 193.00 per 10 gm of gold. Now it reaches to value of Rs 31799 per 10 gm of gold. It’s a huge rise in price of gold. Investing in gold can most probably will not disappoint you.
But this picture, should not be accounted for widespread growth of the gold sector, because in recent time customers trend is going towards buying of low grade/ low carat gold.
In midst of all this, Rajesh Exports the number 1 gold supplier of gold in India has seen a good growth in past year as well as the first quarter of 2015. Strategic approach by company’s chairman Mr. Rajesh Mehta have led the company and its subsidiary retail stores Shubh Jewellers to grow many folds in the last decade, to shine at peak of this sector.
Not over filled with confidence, the company firmly has the viewpoint that Rs 5000 invested earlier in Rajesh Exports, would have made you a millionaire today. Rupees 5000 invested in the gold and jewellery major company, Rajesh exports in the year 1995 is worth Rs 10,15,000, apart from having received a dividend in excess of Rs 40,000.
Would It have been better to invest in gold or in the gold major company Rajesh exports limited? In the year 1995, if you would have invested Rs 5000 in gold, It would have been worth Rs 32000, but the same amount invested in the gold company Rajesh exports limited, would be worth about Rs 10,55,000 today.
Finance experts of Gold and Mining sector are still hoping to see a overall good outcome and expect good turnover of revenues for India.