Gold & Silver Price in Mumbai (India) - Bullion India

Last week Gold & Silver Price
Date & Day	Gold Rate (Per Unit)	Silver Rate (Per Unit)
May 27, 2013	Rs. 272.08	Rs.46.39
May 28, 2013	Rs. 272.40	Rs.46.26
May 29, 2013	Rs. 274.45	Rs.46.23
May 30, 2013	Rs.279.91	Rs.47.65
May 31, 2013	Rs.280.91	Rs.47.36
June 1, 2013	Rs.277.02	Rs.46.14
For more info register now at www.bullionindia.in *0.1 gm i.e 1 G-unit or 1gm silver i.e 1 S-units

Gold & Silver Price - Bullion India

Last week Gold & Silver Price
Date & Day	Gold Rate (Per Unit)	Silver Rate (Per Unit)
May 18, 2013	Rs. 268.95	Rs.45.26
May 20, 2013	Rs. 267.21	Rs.44.53
May 21, 2013	Rs. 273.75	Rs.46.42
May 22, 2013	Rs.275.61	Rs.47.33
May 23, 2013	Rs.273.43	Rs.46.18
May 24, 2013	Rs.274.08	Rs.46.29
For more info register now at www.bullionindia.in *0.1 gm i.e 1 G-unit or 1gm silver i.e 1 S-units

Bullion India to make investing in precious metals simpler, affordable

In a bid to change the way people invest in precious metals, Bullion India is planning to introduce a Business Associate network initiative across Maharashtra and Gujarat.

After getting a warm response in the State within months of the launch, Bullion India and its Business Associate network comprising jewelers, brokers and financial planners/ advisors will now help more and more people to buy small quantities of pure physical gold and silver at the lowest possible price with the option of door-step deliveries or free storage.

Bullion India, which is a unique venture by RiddiSiddhi Bullions Limited (RSBL), NCDEX Spot Ltd and Finkurve Financial Services, charges no commission or brokerage to the end clients.

The bars, which are 24 Carat Pure, comply with international standards; and stored with professional security agency vaults with complete security and full insurance.

It has also launched the first-of-its-kind Gold Index and Silver Index (GSI) data to provide indicative returns of physical gold and silver vis-a-vis S & P CNX Nifty (NSE).

Ketan Kothari, Executive Director, Bullion India, said,“Bullion India is the best platform through which retail customers can own gold and silver bars in small denominations at the lowest prices. This is ideal for those who want to invest in the physical form because they can buy, sell, hold and redeem these bars in a simple, easy and a convenient manner along with several advantages such as no storage fee, free insurance, no account opening charges and no brokerage.”

“We want to expand our Business Associate network to explain these benefits to people; help them keep a track of their investments on the live wholesale prices displayed on the web trader; and assist them to access account information/ trading history as and when required,” he added.

Sachin Kothari, Executive Director, Bullion India, added,“There is no single pan India brand providing gold and silver coins at the real prices. Bullion India is the only medium that enables a retail client to purchase gold and silver online and still use them physically whenever they need them.”

We will promote Bullion India through our Associate network of jewelers, brokers and financial planners/ advisors, who will assist people to grab the opportunity of adding gold and silver to their financial portfolio. Bullion India’s objective is to provide a one stop solution for investments in gold and silver at the most competitive price, with options of physical delivery.”

Source : http://news.indiamart.com/story/bullion-india-plans-expand-business-associate-network-western-india-177382.html

How Bullion India works

Bullion India is a path breaking concept that allows investors to own small quantities of Gold and Silver at wholesale prices. Investors can buy as low as 0.1gm of Gold and 1 gm of Silver which is not available with any Bullion Investment Model in India. The Product is designed in such a way that it becomes very easy for the investor to own Gold/Silver in a secure and convenient way at the click of a button by following a simple registration process on www.bullionindia.in

Advantages of Investing through Bullion India

1) Availability : Bullion India lets you purchase as little as 0.1 gram (100 milligrams) of gold and 1 gram of silver.

2) Affordable : Bullion India sells gold and silver at wholesale market prices ensuring the best rates in comparison to the market.

3) Purity Assurance : Only ‘in the loop’ imported bars approved under London Good Delivery Rules are purchased.

4) Free Storage and Insurance : No need to pay storage charges and stay relaxed with insured bullion while in vaults and in transit.

5) No Brokerage : There is no brokerage charged for buying, selling and redeeming at any given point of time. Only delivery charges apply at actuals.

6) Low Spreads : You can sell your units back at very low spreads.

7) Ease of Account Opening : Opening of account in Bullion India is a hassle free process. All that the member requires is access to the internet.

8) Ease of Operations : As the funds can be transferred online and the buying/selling is also carried out on a web based trading platform, it is very convenient to operate.

9) Minimum Documentation : The member needs to upload only a scanned copy of the identity proof for successful registration.

10) Delivery at Doorstep : The members can redeem their holdings and take physical delivery of the bullion at the shipping address.

Bullion India - Gold & Silver Bars

Bullion India - 5g Gold Bar

Bullion India - 10g Gold Bar

Bullion India - 10g Silver Bar

  

Bullion India - 20g Silver Bar

 

Bullion India - 50g Silver Bar

Bullion India - 100g Silver Bar

What Impacts Gold price

Gold is a precious metal. It is one of the most traded metals across the globe. If you plan to engage in gold trade, it is essential that you learn about gold, its price and factors that determine Bullion India market prices at a specific time. This will enable you to trade profitably and minimize possible risks involved in gold trade. Supply and demand at Bullion India is one of the factors that determine gold price. When demand from those who produce and sell gold jewelries and dentistry is high, the price of gold will be high.

The monetary use of gold is also another factor that influence gold price. It is good to note that gold is used in central bank as reserve holdings. The amount held in central bank can change due to a number of reasons including investment by different individuals. Physical gold can also be held by different banks and private investors for investment purposes. Additionally, and gold coins can be used as legal tender in different countries. The demand will therefore affect gold coin rates at Bullion India. Rising inflation also affects the price of gold because many people will invest in gold as it helps to preserve wealth.

Investment rate also affects the price of gold. Today, there are many individuals and institutions that invest in gold. When there are a lot of investments at Bullion India market, the price of gold tends to rise. Additionally, when speculators buy or sell gold futures through other vehicles, the price of gold will change. Therefore, it is always imperative that you take time to learn how institutions and private investors are doing in the market. This will enable you to buy the metal when gold price is relatively lower and sell when the price is high to make huge profits.

Gold fix is also another factor that affects gold price.  London Gold Fix impacts the price of gold because it is a spot where the prices are fixed on a daily basis. Once a price has been fixed, it will be used worldwide as a benchmark for all gold dealers as well as at Bullion India. Therefore, it is important that you monitor efficiently futures market. This will enable you to learn how the price is in the market. More importantly, it is good for you to understand that major producers and consumers of gold participate in futures and their decisions affect gold prices. Other factors include government’s economic policies, natural disasters, and geopolitics and world economy climate among others.