Invest in Gold, E-gold Returns

Online, July 18, 2012 (Newswire.com) - The Chief Managing Director of CNI Research, Kishore P Ostwal, said, "In India the marriage season is about to start and demand for gold remains high till there is economic crisis in Europe. Equity results were also not so good and in that case in July the gold prices lies between Rs.27,000 to Rs.29000 and after this there is a breakout of Rs.30,000.There is a possibility of hike in gold prices which is about Rs.35,000 in march 2013".

There have seen a lot of change in pattern of gold shopping. It is found that those people who want to buy gold they have buy on Akshya Tritiya and those who want to invest in E-gold and ETFA they just look after the return from gold mutual funds for previous year.

The CEO of online jewellery portal Jewelsnext.com,Gaurav S Issar said, "People have already book orders for coming of this Akshya Tritiya.The mindset of people has been change now, they purchase gold online with different criteria like for consumption and for investment because things available online are relatively at low price".

The Chief of Ridhi Sidhi Bullion Prithviraj Kothari said, "Indians have their sentiments in buying gold on this lucky day but if we see from investment point of view people give more importance for buying gold coins and bars.E-commerce has made it very easier. We also provide gold coins and bars on wholesale market rates through our website Bullion.com".

E-gold Return

The investment in form of electronic gold from e-gold return has become popular these days. This year e-gold has given a return of 27 percent while ETAF shows 23 percent return. The less documental charge of e-gold, easy physical delivery and availability of one gram gold make it very popular among investors.