Gold is a precious metal and is considered an attractive investment option. The gold prices in India fluctuate as per market situation and are keenly monitored during the time of trading.
Pure gold, also known as 24-carat gold, is very soft and malleable. Therefore, for jewelry making, it's usually alloyed with other metals like copper or silver to enhance its strength and durability.
The demand for gold jewelry in Pakistan is particularly high, and many prefer to invest in gold items that hold their value over time, especially as a hedge against inflation or currency devaluation.
With the calendar year 2024 having seen the launch of only one Sovereign Gold Bond (SGB) scheme so far, inflows in gold ETFs have more than doubled in 2024 to Rs 7,367 crore vs Rs 2,919 crore in 2023.