Precious metals are among the rarest and most valuable elements in the world and have a long history as investable assets, stores of value, and even as the basis of currency systems. Gold is perhaps the best-known precious metal, though silver, platinum, and palladium also fall under this umbrella.
IPrecious metals are popular investment destinations for both long-term buy-and-holders and short-term traders. This asset class has appeal as a safe haven, as price appreciation generally occurs when global equity markets encounter volatility. Gold and silver are also used as hedges against both inflation and the U.S. dollar.
Precious metals are used both as stores of value and in manufacturing applications; the degree to which demand from the manufacturing sector exists depends on the commodity (gold has very few industrial applications, while platinum is a major input in the automotive industry).
There are hundreds of billions of dollars invested in precious metals, with the majority of that total attributable to gold. Options for achieving exposure to precious metals are numerous, and include exchange-traded products, futures contracts, and even physical storage.
Precious Metals Types
Gold
Palladium
Platinum
Silver
Factors Influencing the Market
Above-ground supply of gold from central bank sales, reclaimed scrap, and official gold loans.
Hedging interest of producers and miners.
World macroeconomic factors, such as movement in the dollar and interest rate, and economic events.
In India, gold demand is also influenced by seasonality, that is, marriage and harvesting.
Specialized Features:-
Approx 3-4 calls per day.
You will get calls on Precious metals traded in MCX i.e Gold and Silver.
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