Gold has a significant history in Indian culture. Gold was discovered as shining nuggets. It was discovered in its natural state. From there on, Gold has become an integral part of human culture. People buy Gold on every auspicious occasion in India. It has a very high demand in India. From the east to west, from north to the south. Everyone in this vast country believes in Gold. People buy Gold.Gifting Gold is considered to be very auspicious; Gold gifts have an integral part in all the ceremonies in India. Indians are never shy to flaunt Gold. Gold is considered very auspicious for everyone, regardless of religion.
Gold is used in religious commodities. It is valuable for every religion. It is found in every household in India. Gold is passed over generations in a bid to keep the family legacy alive. Gold is one of a kind, and it makes you stand out in a crowd. There is no greater status symbol than Gold in India. As part of all these, Gold is considered the safest investment, more of sentiment for people of India. The fluctuation in the price of Gold every day makes it more interesting to invest in it.
Gold mining has been a global business. It is operating in most of the continents except Antarctica. China has been the country to produce the highest amount of Gold in 2019, which was around 11 percent of the total Gold produced.
The above list is of the top 5 countries in the production of Gold. China leads with producing 383.2 tonnes of Gold. Russian Federation is also very close to China, producing 329.5 tonnes of Gold. Australia with 325.1 tonnes of Gold, the United States with 200.2 tonnes of Gold, Canada with 182.9 tonnes of gold production. There are many other countries as well which produce Gold which is not mentioned in the table above. Those are also not very far behind in the production of Gold. With the improving technologies, it has become a more simple process for the production of Gold and refining it into a usable form.
Gold Rate Today is not very stable in the past few days; It has been fluctuating, affecting the price in the specific regions for specific reasons. In the past few days, the gold rate has been increasing. The gold rate is set according to many different factors. The gold rates are written on different websites with the help of renowned jewellery stores in India.
People of the jewellery stores help these websites, organizations with the daily price of Gold. In the past few days, gold prices have been ₹ 4,685,₹ 4,669,₹ 4,668. You can see that there was a significant increase in the price of Gold yesterday.
One of the gold rates where there was a significant change is in the Gold Rate of Kolkata. There has been quite a change in the gold rate in Kolkata. There has been an increase of ₹16 in 1 gram of 24k Gold and ₹128 in 8 grams of 24k Gold. Considering the past seven days, the gold rates went from ₹4790 to ₹5047, which is quite a significant number. With the use of the internet, things have become very easy. We can find anything on the internet. The same goes with the search for the price of Gold. The only required thing we need to do is search “ Gold rates” in any search engine, and with one click, we will end up with the gold rates in various places with different graphs, comparisons, etc.
Conclusion:
Gold is more than an investment in India. People have a belief in Gold. People gift, wear gold ornaments in India. People are so smart that they search about the gold rates in their places and accordingly buy Gold when the price has a significant change. Gold is a culture.