From FY 2008 to FY 2017, the foreign portfolio investors (FPI) bought around $124 billion of Indian equity shares, increasing the price three-fold. The return on gold investment has been less satisfactory than before. Gold investment returns in recent past Gold has lost its charm as an investment option in recent years. The different Karat of gold is used to make different gold based items such as bars, coins, jewellery etc. A 24 Karat gold is the purest form of gold which is generally sold as gold bars and gold coins. The GDP rates, stock market indices, currencies exchange rates, gold mining, gold consumption rate, wars, sanctions against other countries and many other such events at local and global level have an impact on the gold price globally. There are various political, economical and global factors that affect the price of gold. Why gold rate fluctuates daily? You see gold price changing daily in the market. It the United States, Ounce is still used in the day-to-day retail sale of groceries and many other domestic and international trade process. In ancient times, it was used in Britain to measure various traded goods. How much one ounce gold weights? Ounce is a common measurement unit used for weighing precious metals such as gold, silver, platinum, palladium, rhodium, etc. Today, one tola of gold is equals to 10 grams. Nowadays, it usage is restricted to gold measurement only.
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DAILY UPDATE MCX Gold Rates - Spots & Futures (.995 purity) What is a tola? Why gold is measured in tola? Tola is an ancient measurement unit which was used in some Asian countries as well.
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