Gold Price In India
Here we are providing you the latest gold price in India. Also try to provide all latest updates about gold and other such commodities.
Date: 08 Mar 2014
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What is Gold?
Gold is a chemical element with the symbol Au and an atomic number of 79. It has been a highly sought-after precious metal.
Gold is the most malleable and ductile of all metals; a single gram can be beaten into a sheet of 1 square meter, or an ounce into 300 square feet. Gold leaf can be beaten thin enough to become translucent. The transmitted light appears greenish blue, because gold strongly reflects yellow and red.
Whereas most other pure metals are gray or silvery white, gold is yellow. This color is determined by the density of loosely bound (valence) electrons; those electrons oscillate as a collective "plasma" medium described in terms of a quasiparticle called plasmon.
What are Gold ETFs?
Gold ETFs are Gold Exchange Traded Funds, that trade like stocks and have prices that are kind of associated to the price of gold at any given time. They are also similar to stock and can be bought and sold at any time during market trading hours, like how one purchases a stock.