Gold has been the safe haven of investments for market traders as well as the general public since ages. However, this trend suffered a considerable downfall in early and mid-2018 due to multiple reasons including a rise in the dollar price, etc. This led to the loss of faith in a substantial number of people who were either new or suffered some loss. But, gold is still a famous hedge against inflation (did
The later stage of 2018, since September, demarcated the beginning of a steady recovery in the noble metal. While the currency prices started to fluctuate, if not normalize, festivals like Diwali provided a platform for the rise of gold’s local demand. Though physical gold might need a few more months to return to its old reputation, market stock of leading gold companies is the primary, and profit making avenue in terms of gold investment.
In times like these, companies like Rajesh Exports surface as a minimal risk investment facet. Known in the market for its humungous six-fold rise in five years, from Rs 98.30 to Rs 640, Rajesh Exports is the world’s largest gold processing company. This comes after its well-established value chain across all the verticals associated with the metal.
In spite of the gold’s slow market recovery, the company’s recent quarter results reflected substantial growth. Rajesh Exports recently bagged two major orders worth Rs 892 crore and Rs 933 crore for their latest line of jewelry from United Arab Emirates. Though the former has already been delivered in September last year, latter is supposed to be completed by March 2019.
Market experts suggest that Rajesh Exports is going to have no trouble whatsoever on delivering the huge order. However, people may stand a chance to make a profitable investment out of the deal. With interim budget announced and general elections on the cards, gold demands are expected to rise with the upcoming reforms by the government. In such a scenario, market shares are a better investment avenue than physical gold.
All that said, 2019 looks like the year when gold re-establishes itself as the undisputed opportunity of investment and serves as the go-to option in times of need.