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Invest in your future! Invest in Gold
| Gold Unit | UAE (in AED) |
India (in INR) |
USA (in USD) |
Europe (in EUR) |
UK (in GBP) |
|---|---|---|---|---|---|
| 24 Karat | 2257 | 53219 | 614 | 582 | 490 |
| 22 Karat | 2068 | 48748 | 563 | 534 | 449 |
| 18 Karat | 1693 | 39914 | 461 | 437 | 368 |
| 14 Karat | 1316 | 31026 | 358 | 339 | 286 |
| 10 Karat | 939 | 22138 | 255 | 242 | 204 |
*Disclaimer: The gold rates mentioned above are subject to changes as per the prevailing market prices.
UAE is considered as one of the world’s most popular and important market for gold. Recognised as the hub spot of gold trading, The UAE is deemed as the most valuable destination for gold investors who want to maximise their portfolio and profits. Gold has held a significant importance in the history and culture of the UAE for centuries. For UAE, gold holds a deep economic, cultural, social, and an aesthetic relevance even in today’s date.
The UAE holds the position of being the world’s largest source and the second largest market for gold. UAE, also named as the ‘City of Gold’ has had a prominent role to play in establishing the region as a significant force in the global gold market.
The use of gold as a valuable metal can be traced back to the Biblical references of the middle east. Gold was known to hold the largest monetary standard during that era. Important structures like tombs, statues, temples, shrines, weapons, and glassware were known to be decorated with gold. It is also believed that gold has been used as jewellery since the ancient civilisation of the Middle East which dates to over 6000 years.
In the early 1900, gold had gained significant importance for trading. Merchants were drawn to the UAE by the tax-free and trade friendly environment. They set up their shops by the creek and harbour and in time due to the idle location for trade, safety, and proximity to sources of both supply and demand for gold, the market grew.
Gold has always held importance in human history. Even before money had been invented, gold was used for exchanging of goods and services. In some form or another throughout human history, gold has been used as money. Only in the last two centuries has money shifted away from gold coins and paper notes that were backed by gold standard to a flat system that is not backed by a physical commodity. Factors like inflation and a weakening currency have resulted in higher gold prices since those times. By purchasing gold, people can also protect themselves against global economic uncertainties.Gold prices also have a significant impact on national economies that participate in global trade and finance.
People have been investing in Gold since a very long time. Along with other instruments, gold has always been a promising choice to invest in and the versatility of gold enhances your overall investment portfolio in myriad ways. Since 1981, gold’s average annual return of 10% has outperformed consumer price index (CPI) at 7.35%. Gold is also a favourable investment to hedge against market risks. When inflation was higher than 6%, the price of gold had increased by 11.5%. Supply of gold has been almost constant over the past 20 years, with a growth of 1.6% on an average per year. If between 5% to 10% of your portfolio was allocated to gold, you could have achieved higher risk adjusted returns. Gold also tends to have liquidity, as the trading volumes are similar to S&P 500 and short terms US Treasuries. Hence it is a good idea to invest in gold.
In the last decade, the economical and financial scenarios have changed drastically around the world. Gold has however continued to maintain a positive performance in the market. Investing in gold also offers a competitive return and is a reliable long-term investment. Gold has delivered an average annual return of 9% over the last 10 years as compared to stocks.
Below are some factors that drive gold’s positive performance since the last decade:
Gold has always held the symbol of wealth and has always been in high demand. After the high price volatility in the 1970s, gold returns have reached a steadier level. Thus, continuing to generate potentially viable investment interest. Gold has been giving positive returns across various market conditions, thus outperforming other asset classes in the long run.
Some of the reasons why gold has had an increase in demand as an asset are because:
These factors have contributed significantly to an investor’s love for gold.
Since gold has already proven to yield high returns in the long run, its popularity has only increased. Short-term investors also prefer to add gold investments to their portfolio.
Some of these factors are:
Gold prices typically average out over a period of 7-10 years and give a higher rate of return as compared to other commodities. If you have diversified the gold investments in a mix of equities like mutual fund and government guarantee like stocks and bonds, you are likely to see better returns on investments. This is because gold prices are influenced by multiple short-term factors that are unpredictable. Since gold performance is extremely close to inflation levels, the diverse portfolio helps you safeguard your investments against market downturns.
In the global market, gold rate differs from the measurement unit as every country has different rules and measurement units for gold.
Following are the most commonly used:
The purity of gold is measured by Karat. The higher the karat, the higher the purity of gold. Different types of gold are used to make different objects of gold.
Below are the popular different types of karat gold
To avoid being cheated on, it is always a good idea to check the purity of gold before buying. Below mentioned are a few ways to check the purity of gold:
Despite the uncertainty and unpredictably of the market caused by the coronavirus pandemic, there has been a steep rise in gold prices around the world. As the stock markets have plunged due to the pandemic, gold has continued to prove its worth and has proved to be a safe haven investment option. Despite periods of deflation and inflation, gold has always had the tendency to be profitable. Due to these reasons, the uncertainty surrounding the state of the coronavirus pandemic, gold will continue to be an attractive investment avenue as the governments around the world are aiming to stimulate demand. Gold is used as a reserve asset by central banks because it offers safety, liquidity and returns. Even as all the economies around the world open back up, gold will continue to help usher in a renewed sense of financial security.