#gold price per 10 gram

[golden-witch]

Trick or Treat

Behold the sweetfish river running through my beloved hometown. You who seek the Golden Land, follow its path downstream in search of the key.

As you travel down it, you will see a village. In that village, look for the shore the two will tell you of. There sleeps the key to the Golden Land.

The one who obtains the key must then travel to the Golden Land in accordance with these rules.

On the first twilight, offer the six chosen by the key as sacrifices. On the second twilight, those who remain shall tear apart the two who are close. On the third twilight, those who remain shall praise my noble name. On the fourth twilight, gouge the head and kill. On the fifth twilight, gouge the chest and kill. On the sixth twilight, gouge the stomach and kill. On the seventh twilight, gouge the knee and kill. On the eighth twilight, gouge the leg and kill. On the ninth twilight, the witch shall revive, and none shall be left alive. On the tenth twilight, at journey's end, you shall attain to the power of the Golden Land's treasures, once and for the last time.

The witch shall praise the wise and bestow four treasures. One shall be all the gold from the Golden Land. One shall be the resurrection of all the dead souls. One shall be the resurrection of the love that was lost. One shall be to put the witch to sleep for all time.

Solve this riddle and you'll be given candy too.

-- BEATRICE the Golden

As of October 31, 2024...

Market price for pure gold is roughly $88.50 per gram, according to Google. There are 1000 grams per kilogram and there are 1000 kilograms per metric ton. The treasure is said to be 10 tons.

So, $85 x 1000 x 1000 x 10 = $850,000,000

The current exchange rate from US dollar to yen is $1 = ¥152.10 yen, coming out to more than ¥130 billion JPY in illiquid assets. Now, let's say we want to liquidate all the gold into cash, to readily make purchases. Woah, that's a majorly bad investment idea (the value of gold always goes up), but we need money and we need it now... to buy candy.

It's not easy to sell gold. It wasn't easy for me to find information on how to exchange tons of gold into USD, let alone JPY. Unfortunately, I am not plugged in to networks of Saudi princes or Swedish bankers. Let's say, purely hypothetically, I have connections to Russian oligarchs, and I can charter Borris's mega-yacht to float the gold to the Siberian coast from Rokkenjima. Borris is covering the cost of transporting the gold as part of our bargain, otherwise we would have to factor in shipping cost for /ten tons/ of gold. Like all business people that make a living from buying gold, Borris is more than happy to pay me this favor because he will never pay me market price for my treasure. I'll only walk away with 70-90% of the value. Because Borris is offering such a niche service, and because I need money, and I need it now to buy candy, Borris springs the 30% loss on me when we're already in Vladivostok, on Russian soil. He says, "This is the best I can do after seeing 'imperfections'." I say, "fine, dasvidaniya." Borris uses his shady contacts to wire me the money in USD from his Morgan Stanely account.

We were at approximately $850,000,000 worth of illiquid assets.

Now, thanks to Borris, we have $595,000,000...

But wait! There's more...

The money transfer is flagged by the IRS for a gift tax. Any "gift" amount over $1,000,000 is subject to a 40% gift tax rate.

40% of 595000000 = 238000000

595000000 - 238000000 = $357,000,000

I walk away with $357,000,000 and Uncle Sam laughs.

Finally, FINALLY... a 20 lbs bulk box of mini Twix is around $110. That's perfect fun size.

$357,000,000/$110 = 3245454 boxes of mini Twix or 64,909,080 lbs of mini Twix, or 32,454.54 tons of Twix.

Ergo, solving the riddle, discovering the gold, and selling all 10 tons would yield approximately 32, 454.54 tons of mini Twix. In case anyone like, asked....

[beardedmrbean]

Newspaper Helsingin Sanomat covered the discussion on Finland at the US vice presidential debate on Tuesday night between Republican candidate JD Vance and Democrat Tim Walz.

On the subject of school shootings, Walz brought up his experience visiting Finnish schools.

"I've spent time in Finland and seen some Finnish schools. They don't have this [school shootings] happen, even though they have a high gun ownership rate in the country," Walz said on the debate stage.

Walz said he and presidential candidate Kamala Harris were both gun owners and stressed that it was the responsibility of policy makers to ensure the safety of children.

He also spoke about how he was affected by meeting the families of the victims of the 2012 Sandy Hook Elementary School shooting in Connecticut. Walz emphasised that change can be made without taking away Americans' guns.

Vance, however, advocated for improving school safety by reinforcing doors, windows and other security features. He also said schools should be given more resources.

"I appreciate what Tim [Walz] said about Finland, because I do think it illustrates some of the weird differences between our own country's gun violence problem and Finland. First of all, we have way higher rates of mental health substance abuse, we have way higher rates of depression, we have way higher rates of anxiety. We unfortunately have a mental health crisis in this country," Vance responded.

HS also noted that Walz is the current governor of Minnesota, a state with a large population of Finnish ancestry, and that a photograph of him wearing a Finland beanie previously circulated online.

Despite the rhetoric praising the Nordic country, Finland suffered its first school shooting in over a decade earlier this year.

Gold going up

Rural-focused newspaper Maaseudun Tulevaisuus highlighted that the global price of gold has surged to new highs. Current prices are reaching near 80 euros per gram, compared to under 10 euros in 2000.

While this has not yet triggered a gold rush in Lapland, there has been notable interest from foreign prospectors.

Mechanical gold mining has ceased in areas like Lemmenjoki National Park, cutting production to a third of previous levels. However, Europe's largest gold mine in Kittilä produced seven tonnes of gold last year.

Kai J. Rantanen, head of the Lapland Association of Gold Miners (Lapin Kullankaivajain Liitto), said that social media and foreign television reality series about gold miners created a movement even before the price had risen.

"Many have since discovered a reality of gold mining that may not suit their own psyche and physique. It requires a strong back," Rantanen said.

Despite strict environmental regulations, Lapland continues to attract gold prospectors, including from countries like the Netherlands, Sweden and Germany.

However, only about 20 of the region's 2,000 prospectors earn a significant portion of their livelihood from gold.

Learning Finnish on the job

The story of Saudi Arabian Mahir Ashraf Khan learning Finnish made it into Tampere daily Aamulehti.

Khan moved to Finland about two years ago, and while the words in his Finnish sentences are at times out of order, his fast and confident speech is easy to listen to, according to the paper.

Over the past couple of years, Khan's Finnish language skills have improved from non-existent to conversational. Khan learned the basics of Finnish in a beginners' course at Tampere University as soon as he arrived in Finland.

However, he conceded that his goal of effortless conversation is still a long way off.

"It would be great to be able to think in Finnish as well. Now I might be able to, if I concentrate," Khan said.

Having grown up in Saudi Arabia, Khan knew he wanted to study abroad as soon as he finished high school.

Out of several options, AL wrote that he chose Finland for a somewhat surprising reason — in Finland there are bidet showers even in public toilets. That's important for someone from the Middle East, laughed Khan, who moved to the Tampere district of Hervanta in autumn 2022.

[papaspooks]

Getting Best Incentive For Your Gold

The price of gold is getting high step by step. On the off chance that you are hoping to sell your gold knowing the proper rate for it is significant. It is constantly suggested that clients ought to get their work done before selling their jewelry at cash for gold gatherings or in a neighborhood gold store. Numerous experts say that cash for gold gatherings are might be a good time for a consumer yet it is likewise a simple method for making some cash. In cash for gold gatherings might be you won't get the best arrangement. Here I am giving you a few tips to guarantee you that you are getting a right cash for gold. The main tip for getting best cash for gold is to comprehend the scale appropriately. The heaviness click here of gold determines its worth. Numerous jewelers in various nations utilize an alternate measurement standard which is known as Official ounce. In US gold is measured at 31.1 grams per ounce.

A few gold jewelers utilize a system of loads to measure a Troy once this system is know as pennyweight (dwt). A portion of the gold dealers use grams for weight of the gold. Regularly a pennyweight is equal to 1.5555 grams. Continuously check that gold dealers may not weight your gold by penny weight and pay you cash for gold by the grams. The subsequent tip before taking cash for gold is to be familiar with the Karats of your gold. Unadulterated gold is exceptionally delicate so it is joined with various metals to add strength and various varieties. In many States educating the client regarding the Karat of gold is significant. One Karat of gold is equals to 1/24 of best and unadulterated gold by weight. 14 karats of gold implies that your gold jewelry is comprises of 14 sections gold and 10 pieces of various metals.

On the off chance that the gold jewelry is under 10 karats, it is unlawful for jewelers to be named it as gold jewelry. You actually must know the karats of your gold to pursue wise choice on the worth of your gold. On the off chance that you have various karats of gold jewelry and you need to deal it than keep separate different Karat jewelry. Numerous jewelers will gauge your all jewelry together and than pay you cash for gold for the most minimal Karat esteem. Know about them. So it is really great for you to isolate your jewelry by Karat esteem before hitting up cash for gold party. Knowing the current price of gold before selling your gold for cash is additionally significant. You can really look at the current price of your gold through web, newspaper or by settling on a decision to your neighborhood jewelry store. It is additionally best for you to request the worth from your gold from three to four gold dealers. In many States it is fundamental for a gold buyer to ask Government gave distinguishing proof from sellers. Before selling your gold follow these tips they will help you.

[laughinglikenialler]

Getting Best Value For Your Gold

The price of gold is getting high day by day. If you are looking to sell your gold it is important to know the appropriate rate for it. It is always recommended that customers should do their homework before selling their jewelry at cash for gold parties or in a local gold store. Many experts say that cash for gold parties are may be fun for a consumer but it is also an easy way to make some cash. In cash for gold parties may be you will not get the best deal. Here I am giving you some tips to ensure you that you are getting a right cash for gold. The first tip for getting best learn more cash for gold is to properly understand the scale. The weight of gold determines its value. Many jewelers in different countries use a different measurement standard which is known as Troy ounce. In United States gold is measured at 31.1 grams per ounce.

Some gold jewelers use a system of weights to measure a Troy once this system is know as pennyweight (dwt). Some of the gold dealers use grams for weight of the gold. Normally a pennyweight is equal to 1.5555 grams. Always check that gold dealers may not weight your gold by penny weight and pay you cash for gold by the grams. The second tip before taking cash for gold is to know about the Karats of your gold. Pure gold is very soft so it is combined with different metals to add durability and different colors. In many States it is important to tell the customer about the Karat of gold. One Karat of gold is equals to 1/24 of finest and pure gold by weight. 14 karats of gold means that your gold jewelry is consists of 14 parts gold and 10 parts of different metals.

If the gold jewelry is less than 10 karats then it is illegal for jewelers to be labeled it as gold jewelry. It is always important for you to know the karats of your gold to make wise decision on the value of your gold. If you have different karats of gold jewelry and you want to sale it than keep separate different Karat jewelry. Many jewelers will weigh your all jewelry together and than pay you cash for gold for the lowest Karat value. Be aware of them. So it is good for you to separate your jewelry by Karat value before going to cash for gold party. It is also important to know the current price of gold before selling your gold for cash. You can check the current price of your gold through internet,Getting Best Value For Your Gold Articles newspaper or by making a call to your local jewelry store. It is also best for you to ask the value of your gold from three to four gold dealers. In many States it is essential for a gold buyer to ask Government issued identification from sellers. Before selling your gold follow these tips they will help you.

[ldsghost]

Buy Gold and Silver Bullion Online - Jindal Bullion is an Accurate Choice for you!

Reach the best pace to buy Gold coins, Silver coins & bullion bars online, visit Jindalbullion.com, here all click here to learn more the products come with the guarantee certificate and are safe investment options.

Gold and silver possess certain qualities which make them ideal for use as money. The ancient Egyptians and the Incas had no knowledge of each other yet each used gold and silver for money,Buy Gold and Silver Bullion Online - Jindal Bullion is an Accurate Choice for you! Articles as have most human civilizations.

Bullion is a bulk quantity of precious metal such as gold or silver, majorly assessed by weight, typically cast as ingots or bars.ou also can buy bullion as coins by best place to buy silver coins online.The price you will pay when purchasing is the spot ask price. The spot gold and silver pricing can be found easily on the Internet. My website home page lists a link to spot pricing about halfway down the page.

We buy and sell gold coins, silver coins, pure gold bars & pure silver bars on our website and because prices fluctuate daily, depending on the price of gold and silver in the world markets, we provide live rates for buying and selling pure gold and silver.

We are currently operating in Delhi NCR but soon we will be expanding to various other parts of India. Our website is the best place to buy gold and silver bullion bars at the most competitive prices in India.

Why you choose Jindal Bullion Gold and Silver Coins

We make available to our customers entire accuracy in dealings with accurate prices which is shown on our website is associated with worldwide market and are changing accordingly. We provide you a platform where you can order the price as per your convenience... Jindal bullion platform an online market for buying and selling gold. The platform, which has been launched with a focus to our customer requirements,

You can buy gold coins and silver coins weighing according to your budget. Our range starts from 10 grams in silver and 1 gram in gold. Our company is of Indian origin and we import gold and silver form various other countries.

[renewedtech]

iDeal Deals: Refurbished iPhone at 5K or Less

Are you a true iPhone enthusiast and looking to buy that in India, you`ve come to right place. vlebazaar.in is your one stop destination for all electronic product with budget friendly price.

Check out best iPhone under 5000 with there specification and features

Tuesday, July 25, 2023

5 BEST IPHONE UNDER 5000

1- APPLE IPHONE 4 WHITE REFURBISHED

Specification

Model:A1332-1

Weight:0.20kg

Dimensions:6.00cm x 15.00cm x 12.00cm

SKU:B07FRF43PC

Battery:142mAh

Condition:Used

DESCRIPTION

5MP primary camera with LED flash, geotagging, video recording and VGA front facing camera

3.5-inch scratch resistant multi-touch screen

iOS operating system and in-built memory upto 8GB

Battery providing talk-time of 14 hours and standby time of 300 hours on 2G network and talk-time of 7 hours on 3G network

VleBazaar Price: 3,999/-

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2-APPLE IPHONE 4S BLACK REFURBISHED

Specification

Model:A1387-1

Weight:0.20kg

Dimensions:6.00cm x 15.00cm x 12.00cm

SKU:B00CL8XCE0

Colour:Black

Condition:Used

Description

8MP primary camera with autofocus, tap to focus, LED flash, face detection, hybrid IR filter, panorama, video stabilisation, geotagging, video recording and VGA front facing camera

3.5-inch multi-touchscreen with 960 x 340 pixels resolution

iOS operating system and in-built memory up to 16GB

Battery providing talk-time of 14 hours and standby time of 200 hours on 2G network and talk-time of 8 hours on 3G network

VleBazaar Price: 3,099/-

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3-APPLE IPHONE 5 (16 GB, WHITE) REFURBISHED

Specification

Model:A1429-1

Weight:0.20kg

Dimensions:6.00cm x 15.00cm x 12.00cm

SKU:B0097CZJEO

Colour:White

Condition:Refurbished

DESCRIPTION

Apple iPhone 5s mobile was launched in September 2013. The phone comes with a 4.00-inch touchscreen display offering a resolution of 640x1136 pixels at a pixel density of 326 pixels per inch (ppi) and an aspect ratio of 16:9. Apple iPhone 5s is powered by a 1.3GHz dual-core Apple A7 processor. It comes with 1GB of RAM. The Apple iPhone 5s runs iOS 7 and is powered by a 1570mAh non-removable battery.

As far as the cameras are concerned, the Apple iPhone 5s on the rear packs an 8-megapixel camera with an f/2.2 aperture and a pixel size of 1.5-micron. The rear camera setup has autofocus. It sports a 1.2-megapixel camera on the front for selfies with an f/2.4 aperture.

Apple iPhone 5s is based on iOS 7 and packs 16GB of inbuilt storage. The Apple iPhone 5s is a single SIM (GSM) mobile that accepts a Nano-SIM card. The Apple iPhone 5s measures 123.80 x 58.60 x 7.60mm (height x width x thickness) and weighs 112.00 grams. It was launched in 0, Gold, Silver, and Space Grey colours. It bears a metal body.

Vlebazar Price: 4,999/-

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4-APPLE IPHONE 5C (BLUE, 16 GB) REFURBISHED

Specification

Model:A1529-1

Weight:0.20kg

Dimensions:6.00cm x 15.00cm x 12.00cm

SKU:NDXQ5W396M

Colour:Blue

Condition:Used

DESCRIPTION

8MP iSight primary camera with LED flash, auto focus, geo tagging, face detection, 1.2MP front facing camera with HD video recording, Facetime and backside illumination sensor

4-inch multi-touch retina display with 1136 x 640 pixels resolution at 326ppi

iOS 7 operating system with 16GB internal memory

Rechargable lithium-ion battery providing talk-time up to 10 hours on 3G network, standby time up to 250 hours and upto 40 hours of music playback

VleBazaar Price: 3,299/-

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5-APPLE IPHONE 5s GOLD REFURBISHED

Specificaton

Model:A1530-1

Weight:0.20kg

Dimensions:12.00cm x 15.00cm x 6.00cm

SKU:LJTFO64ANP

Colour:Gold

Condition:Used

DESCRIPTION

8MP primary camera with true tone flash, auto focus, geo tagging, face detection burst mode, 1.2MP front facing camera with HD video recording and backside illumination sensor

4-inch multi-touch retina display with 1136 x 640 pixels resolution

iOS 7 operating system with 16GB internal memory

Rechargable battery providing talk-time up to 10 hours on 3G network and standby time up to 250 hours

VleBazaar Price: 4,299/-

BUY NOW:

CONCLUSION:

In conclusion, all five product are great option for those who are looking for a good quality iPhone . They all are suitable for use

[goldbarscanada]

How to Buy Gold Bars Online: A Step-by-Step Guide for Beginners

Gold has been a symbol of wealth, security, and stability for centuries, making it a popular investment choice for those looking to preserve and grow their wealth. Buying gold bars online is one of the most efficient ways to invest in this precious metal, offering the potential for lower premiums, wide selection, and convenient access. However, for beginners, Buy gold bars online navigating the online marketplace can seem overwhelming, especially when it comes to finding trustworthy dealers and ensuring that you’re getting a legitimate product.

This step-by-step guide will walk you through everything you need to know about buying gold bars online, from understanding the types of gold bars available to selecting a reputable dealer and ensuring a secure transaction.

Step 1: Understand the Different Types of Gold Bars

Before you start shopping for gold bars online, it’s important to familiarize yourself with the different types available. Gold bars come in various sizes, weights, and designs, each with its own advantages.

1.1. Weight and Size

Gold bars typically come in weights ranging from small 1-gram bars to large 1-kilogram (kg) bars. The most common sizes include:

1 oz Gold Bars – Popular with individual investors, these bars are easy to store and offer liquidity in the market.

5 oz Gold Bars – A slightly larger option that offers a better value per ounce compared to smaller bars.

10 oz Gold Bars – These are one of the most popular choices for investors due to their balance between cost and ease of resale.

1 kg Gold Bars – Larger bars that offer lower premiums but are harder to liquidate due to their size.

1.2. Refiners and Manufacturers

Gold bars are produced by different refiners, and some of the most reputable names in the industry include:

PAMP Suisse – Known for high-quality, stamped gold bars, often featuring intricate designs.

Credit Suisse – Offers high-quality gold bars, frequently used by institutional investors.

Valcambi – Another trusted refiner known for producing high-quality gold bars in various weights.

Investing in bars from reputable refiners ensures authenticity and ease of resale.

1.3. Cast vs. Minted Gold Bars

Gold bars are generally either cast or minted:

Cast Bars – These are created by pouring molten gold into a mold. They are often larger and may have rougher edges.

Minted Bars – These bars are struck with high precision and tend to have a smooth, polished surface. They often come with a certificate of authenticity.

While both types of bars are legitimate forms of investment, minted bars are typically preferred by collectors due to their polished appearance.

Step 2: Research Reputable Dealers and Platforms

The next step is to find a trustworthy and reputable online dealer to buy your gold bars from. The quality of the dealer is crucial in ensuring you receive a genuine product, avoid scams, and get competitive pricing.

2.1. Look for Established Dealers

Make sure you are purchasing from a dealer that has a long track record of credibility. Established dealers are more likely to provide legitimate products and offer secure payment options. Look for:

Accreditation: Many reputable dealers are accredited by organizations like the Better Business Bureau (BBB) or London Bullion Market Association (LBMA).

Experience: Look for dealers with a proven history in the industry. Many dealers will prominently display the number of years they have been in business on their website.

Customer Reviews: Read reviews and testimonials from other customers to gauge the quality of the dealer’s service. Sites like Trustpilot, Google Reviews, or even forums dedicated to precious metals investing can offer valuable insights.

2.2. Choose Secure Platforms

It’s important to buy from a secure platform that protects your financial information. Look for websites with:

SSL Encryption: This protects your personal and financial data during the transaction.

Secure Payment Methods: Trusted dealers will offer a range of payment options, including credit/debit cards, bank transfers, and even PayPal.

Clear Return Policy: Ensure the dealer has a clear return or buyback policy in case you need to return the gold bars.

2.3. Compare Prices and Premiums

Gold bars are priced based on the current market price of gold, but dealers will often add a premium for minting, handling, and other factors. Compare premiums from different dealers to ensure you are getting the best deal. Keep in mind that lower premiums generally indicate that the dealer has more competitive pricing, but be cautious of extremely low premiums, as these may indicate a scam.

Step 3: Verify the Authenticity of the Gold Bars

One of the key concerns when buying gold bars online is authenticity. Ensuring that the bars you are purchasing are made from real gold, and not a cheap alternative, is essential to protect your investment.

3.1. Check for Certification and Assay Marks

Reputable gold bars will come with certification or assay marks that prove their authenticity. These marks typically include:

The Refinery’s Logo: Trusted refineries like PAMP Suisse or Credit Suisse will stamp their logo and hallmark on each bar.

Purity: Gold bars should clearly state the purity of the metal, usually expressed as 999.9 (99.99%) or 999.5.

Serial Number: Each gold bar will typically have a unique serial number for tracking purposes.

Assay Certificate: Some dealers will provide an assay certificate that further confirms the authenticity of the gold bar.

3.2. Use Trusted Third-Party Authentication Services

Many online dealers provide services where third-party organizations will verify the authenticity of your gold bar before it is shipped. Services like IGI (International Gemological Institute) and NTR Metals offer this level of verification.

Step 4: Make Your Purchase

Once you’ve decided on the gold bar type and found a reputable dealer, it’s time to complete the purchase. Here’s what you need to do:

4.1. Choose Your Payment Method

Select the payment method that you are most comfortable with. As mentioned earlier, trusted dealers will offer various secure payment options, including credit/debit cards, bank transfers, and PayPal.

4.2. Confirm Shipping and Delivery Options

Shipping for gold bars is often a crucial aspect of the purchase. Confirm the shipping methods, delivery times, and any associated fees. Many dealers offer secure, insured shipping services to protect your investment during transit. You may also be able to select different shipping speeds (standard or expedited) depending on your needs.

4.3. Secure Storage Options

Once your gold bars arrive, you’ll need to decide where to store them. While some investors choose to store their gold bars in home safes, many opt for vault storage services provided by the dealer or third-party companies. Vault storage ensures that your gold is stored securely and insured against theft or damage.

Step 5: Monitor the Market and Maintain Your Investment

After purchasing gold bars, it’s important to keep an eye on the market trends to track the performance of your investment. Gold prices can fluctuate based on various factors, including geopolitical events, inflation, and global demand for gold. Staying informed will help you know when it’s the right time to sell or buy more.

5.1. Consider a Diversified Precious Metals Portfolio

While gold is a strong investment on its own, many investors choose to diversify their portfolios by adding other precious metals like silver or platinum. Diversification can help protect your wealth and reduce risk.

Final Thoughts

Buying gold bars online offers convenience, transparency, and access to some of the best prices in the market. However, as a beginner, it’s essential to conduct thorough research before making any purchase. By following the steps outlined in this guide—understanding the different types of gold bars, selecting a reputable dealer, verifying authenticity, and ensuring secure payment and storage—you can make an informed decision and successfully invest in gold bars.

Remember that purchasing gold is not just about making a one-time transaction; it’s about protecting your wealth for the long term. By being diligent and knowledgeable, you can navigate the online marketplace with confidence and secure a solid investment in gold bars.

[pahalikhabar]

Gold became cheaper by ₹556 and reached ₹76,948 per 10 grams. Gold became cheaper by ₹ 556, reached ₹ 76,948 per 10 grams: Silver price increased by ₹ 553, reached ₹ 87,568 per kg.

New Delhi2 minutes ago copy link There is a decline in the prices of gold and silver on Monday (January 6). According to India Bullion and Jewelers Association (IBJA), 10 grams of 24 carat gold has fallen by Rs 556 to Rs 76,948. On Friday its price was Rs 77,504 per ten grams. At the same time, the price of one kg silver has increased by Rs 553 to Rs 87,568 per kg. Earlier on Friday, the price…

[tfatrading]

Gold has always held a special place in India, not only for its intrinsic value but also as a symbol of prosperity and tradition. With its widespread use in jewelry, investments, and even as a hedge against inflation, gold is a commodity that attracts considerable attention. Today, as of January 4, 2025, the gold price in India stands at an impressive Rs 77,500 per 10 grams for 24 Carat gold (excluding GST), making it a topic of interest for investors, traders, and consumers alike.

[quantarai]

Gold price in Philippines: Rates on January 3

Gold prices rose in Philippines on Friday, according to data compiled by FXStreet. The price for Gold stood at 4,980.37 Philippine Pesos (PHP) per gram, up compared with the PHP 4,974.58 it cost on Thursday. The price for Gold increased to PHP 58,090.11 per tola from PHP 58,022.48 per tola a day earlier. Unit measure Gold Price in PHP 1 Gram 4,980.37 10 Grams 49,804.11 Tola 58,090.11 Troy…

[bulliondealer]

Gold Rate Today: Current Prices and Market Insights

Stay updated with the latest gold rates today, December 30, 2024, as 24 Carat gold is priced at ₹76,440 per 10 grams and 22 Carat gold at ₹70,020. Explore price variations across major cities in India and gain insights into market trends that influence gold prices. Whether you're an investor or a buyer, our comprehensive overview helps you make informed decisions in the precious metals market.

[talkingheadlines]

Gold Price and Silver Rate Today, December 30, 2024: Check the Latest Rates in India

Today, the price of gold saw a small drop. The rate for 24-carat gold in India is ₹7800.3 per gram, reflecting a decrease of ₹10. Similarly, the price for 22-carat gold in India is ₹7151.3 per gram, which also fell by ₹10. Over the past week, the price of 24-carat gold has dropped by 0.73%, while in the past month, the change has been almost negligible at -0.01%. For silver, the current price…

[shreeashokajewellery]

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[businessviewpointmag]

Gold and Silver Prices See Fluctuations Amid Changing Market Dynamics

Gold and Silver Prices Show Regional Variation

Gold prices remained stable across India on Tuesday, with slight regional differences in pricing. The cost of 24-carat gold settled at ₹7,893.3 per gram, while 22-carat gold was priced at ₹7,237.3 per gram. Over the past week, 24-carat gold prices rose by 1.24%, although prices experienced a 2.14% decrease over the last month. Silver traded at ₹96,100 per kg on the national level. Notable regional prices for gold were recorded in Delhi at ₹78,933 per 10 grams, Chennai at ₹78,781, Mumbai at ₹78,787, and Kolkata at ₹78,785 per 10 grams. Silver prices also showed some variation, with rates in Delhi at ₹96,100 per kg, Chennai at ₹104,700, Mumbai at ₹95,400, and Kolkata at ₹96,900.

Daily and Weekly Price Movements for Gold and Silver

In Delhi, gold experienced a slight drop from ₹79,533 on Monday to ₹78,933 on Tuesday, and a more significant decline from last week’s price of ₹80,523. Similarly, silver prices in Delhi saw a decline from ₹97,100 on Monday and from ₹99,100 the previous week to the current rate of ₹96,100. Chennai saw gold prices dip from ₹79,381 on Monday to ₹78,781 on Tuesday, with a weekly decline from ₹80,371. Silver prices in the city also fell from ₹105,700 on Monday and ₹107,700 last week to ₹104,700. Mumbai’s gold price followed a similar trend, dropping from ₹79,387 on Monday to ₹78,787 on Tuesday and down from ₹80,377 last week. In Kolkata, the Tuesday price for gold was ₹78,785 per 10 grams, compared to ₹79,385 on Monday and ₹80,375 last week, with silver prices similarly declining from ₹97,900 on Monday and ₹99,900 the prior week to ₹96,900.

Market Factors Influencing Gold and Silver Prices

On the Multi Commodity Exchange (MCX), February 2025 gold futures traded at ₹76,025 per 10 grams, reflecting a slight decrease of 0.021% at the time of publication. In contrast, silver May 2025 futures saw a modest uptick of 0.14%, trading at ₹93,276 per kg. Fluctuations in gold and silver prices are attributed to a range of factors including shifts in international demand, currency value changes, interest rates, and domestic government policies. Market experts and jewelers indicate that factors like the global economic climate, changes in the US dollar value, and international events play crucial roles in the Indian precious metals market. The interplay of these elements continues to influence price movements, making gold and silver prices dynamic and subject to change based on evolving global and local conditions.

[nirajnanal]

The Gold Investment Myth: Why It May Not Be Your Best Bet

Gold has long held a prominent place in India—not just as a precious metal but as a symbol of security, tradition, and wealth. As one of the largest consumers of gold globally, India is also the second-largest importer of the metal, reflecting the deep-rooted belief that gold is a reliable investment. Despite its cultural significance, is gold really the best option for long-term financial growth? In this blog, we’ll take a closer look at the historical prices of gold, examine key factors that influence its value, and debunk some common myths surrounding gold as an investment. By doing so, we hope to provide clarity on why gold may not be the “perfect” investment many believe it to be.

The Historical Performance of Gold in India

Gold’s price in India has seen substantial growth over the years, though it has also experienced fluctuations along the way. Historically, gold has appreciated significantly in value, though these gains are not always consistent. For example:

In 1993, the price of gold was around ₹4,104 per 10 grams.

By 2024, the price had risen to approximately ₹80,300 per 10 grams.

GOLD vs. SENSEX: A Comparative Analysis

To understand the relative performance of gold versus other investment avenues, let’s compare gold with the performance of India’s leading stock market index, the SENSEX, over the last three decades.

GOLD In 1993, gold was priced at ₹4,104 per 10 grams. By 2024, its price had risen to ₹80,300 per 10 grams, reflecting a CAGR of 10%.

SENSEX The SENSEX, which tracks the performance of the top 30 companies listed on the Bombay Stock Exchange (BSE), stood at 2,281 points in 1993. By 2024, it had surged to 85,836 points, reflecting a higher CAGR of 12%.

Over the past three decades, GOLD has grown at a slower rate, while the SENSEX has outpaced it with higher returns, reflecting the stronger growth potential of stocks compared to gold.

Note: The key point to note in the comparison is that Gold lacks cash flow it doesn’t pay dividends, interest meaning you only profit if its price appreciates.

In contrast, stocks, mutual funds and real estate can generate regular income through dividends or interest and rent providing a steady cash flow while also offering growth potential.

Is Gold Really the Best Investment?

Myth 1: Gold Always Holds Its Value Gold is often seen as a guaranteed store of value, but its price fluctuates based on economic, geopolitical, and market factors. It doesn’t always protect against loss, especially when other assets are performing well.

Myth 2: Gold Generates Returns Gold doesn’t produce income no dividends, interest, or rental income. Any potential profit relies solely on price appreciation, which means if the market stagnates, your investment may not grow.

Myth 3: Gold has intrinsic value Gold’s value is not inherent; it depends on context. In an emergency, essentials like food or water are far more valuable than gold, showing that true value is tied to utility.

Myth 4: Everyone should invest in Gold Gold isn’t a one-size-fits-all investment. Your portfolio should reflect your financial goals and risk tolerance. For many, stocks or bonds may offer better growth and income potential than gold. While there’s no one-size-fits-all rule for portfolio allocation, many financial advisors do recommend that gold should make up a small portion of a well-diversified portfolio-typically 5-10%.

Differentiate Purpose

Primary Purpose If you are purchasing gold purely for investment, your goal is typically price appreciation over time. However, physical gold often comes with additional storage & safety cost, which can increase as the amount of gold you own grows, making it less ideal choice for investment purposes.

Secondary Purpose If you’re buying gold as jewellery or for ornamental purposes, its value is more subjective and linked to cultural or emotional significance. However, the storage and safety concerns still apply.

Conclusion :Gold may offer security, but it’s not the best long-term investment. While its price has risen, it underperforms compared to stocks and other assets that generate income and offer higher growth. For investors, gold should only make up a small portion of a diversified portfolio – typically 5-10% – and that too, ideally in electronic form (such as gold ETFs or Sovereign Gold Bonds). These options help mitigate storage costs and are more liquid compared to physical gold.

Gold lacks cash flow, and its value depends on market sentiment, not intrinsic utility. For better returns, diversify your portfolio with a mix of growth assets like stocks, and consider gold only as a small hedge.

A financial planner can guide you in constructing a portfolio that leverages a balanced mix of assets, ensuring your wealth grows in a sustainable and effective manner.

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