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Since several ages, gold has been a very precious metal for people in India. Indians prefer buying gold over any other metal as it has its own traditional value attached to it. The price of gold is directly connected with the up's and down's of the global currency markets and the MCX trends which fluctuate every day. People in India usually opt for buying gold ornaments during the festival season. These festivals include Diwali, Akshaya Tritiya, Dussehra and Dhanteras. The demand of gold in India has been predicted to escalate by 15 per cent in the last quarter of the current year. This likely increase is predicted up to overall 300 tonne from the last year with the justification of good monsoon and 20 per cent more auspicious days of the festival season. The same has been declared by the World Gold Council (WGC). At present the gold price in India has touched Rupees 29,565 per 10 grams. The overall demand of the yellow metal this year is predicted to rise around 900 to 1,000 tonnes. The price of gold in India is dependent upon various factors such as: the international price of gold dollars, the momentum of rupee with comparison with the dollar price. During festival time there is a big gold rush and as the festivals like Diwali and Dhanteras are approaching, people take into account to buy and invest in gold on these auspicious days. During festival time, several corporates prefer to gift their employees gold coins, and make them feel special about the efforts they have put in the organization. Now there is option to imprint the organization on the gold coins. This gives these gold coins a personalized look. These gold coins are available in various sizes ranging from 1 gram to 10 grams. Indian market is predominantly dominated by the trend of jewellery buying. When it comes to investment people prefer to invest in gold irrespective of the rising prices of gold. Gold has provided evidence in the market trends time and again it has been the reason for inflation, although it is the only one factor which also beats inflation. When compared with investment in real estate, properties, shares or bonds - gold has proved to give back better returns than any other form of investment. This is also one of the reasons due to which more and more people prefer to invest in gold in form of jewellery, gold coins, gold certificates etc. Gold rates per gram have touched Rupees 2977 for 24 K and Rupees 2788 for 22 K in Pune recently. The gold prices in Mumbai have been just the same as the gold price in Pune currently. Live and daily prices of gold in any city can now be tracked online on your mobile phone with or without downloading the mobile app, just visit MarketOnMobile.com. Author has a lot of experience and knowledge in finance news, BSE Sensex, Nifty Rates, MCX Commodities News and much more. View the latest gold price in India and Indian share market news on MarketonMobile.com
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