FAQ

To start trading gold, you can: Buy physical gold through dealers or exchanges, Invest in gold ETFs or mutual funds that track gold prices, Trade gold futures or options on commodity exchanges, Buy shares of gold mining companies, You may need to open an account with a broker or gold dealer, depending on the method you choose.

• Hedge against inflation: Gold often retains value during inflationary periods.
• Diversification: Gold can diversify and reduce the overall risk of a portfolio.
• Safe-haven asset: Investors turn to gold during economic or geopolitical uncertainty.
• Potential for profit: Traders can capitalize on price fluctuations.

• Price volatility: Gold prices can be volatile, leading to potential losses.
• Market timing: Poor timing in buying or selling can result in losses.
• Storage and insurance costs: For physical gold, these can add to costs.
• Economic factors: Interest rates, currency fluctuations, and global events can impact gold prices.

The price of gold is determined by supply and demand dynamics in the global market, influenced by factors such as:

• Economic indicators: Inflation rates, interest rates, and currency values.
• Geopolitical events: Political instability or conflicts can drive demand for gold.
• Market speculation: Investor sentiment and trading activities impact prices.
• Central bank policies: Gold purchases or sales by central banks can affect supply.

Gold is considered a good long-term investment by many because it maintains value over time, acts as a hedge against inflation, and can provide diversification in an investment portfolio. However, it's important to balance gold with other investments and consider your risk tolerance and financial goals.

Tax implications vary by country and the type of gold investment. In many cases:

• Capital gains tax may apply to profits from selling gold.
• VAT/GST might be applicable when purchasing gold in certain forms. It’s advisable to consult with a tax professional to understand the specific tax laws in your jurisdiction.

Consider your investment goals, risk tolerance, the form of gold you wish to trade (physical vs. paper), market conditions, and the costs involved (like storage, insurance, or brokerage fees).

• Check credentials: Ensure the company is licensed and has a good reputation.
• Read reviews:Look for customer feedback and ratings.
• Verify pricing: Ensure transparency in pricing and fees.
• Customer support: Choose a company with reliable and responsive customer service.