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manisha Kolvenkar made post

I want to trade in gold futures and can you throw some light on gold as a commodity?

Answer
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Purvesh answered.
2 years ago


One of the best commodities to trade and invest


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Priyanka N answered.
2 years ago


As a precious metal, gold is literally as old as man. In fact, every ounce of gold that has been mined since the beginning of history is still in existence in some form or the other. That is, perhaps what makes gold one of the most sought after metals in the world! Indians are great collectors of gold. It is estimated that Indian households own nearly 950 tonnes of gold and has a value of nearly $1 trillion. Some of the world’s largest central banks hold a good chunk of their forex reserves in the form of gold. For many years, at least till the gold standard was formally abandoned in 1971 by Richard Nixon of the US, gold was used as a backing to issue currency. But above all, gold is the metal of choice for the massive jewellery demand across the world and India and China remain two of the world’s largest consumers of gold. Such an interesting commodity with a rich lineage is also available to trade on the commodity exchanges.