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Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries. Many European countries implemented gold standards in the latter part of the 19th century until these were dismantled in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convertibility of the United States dollar to gold and made the transition to a fiat currency system. The last currency to be divorced from gold was the Swiss Franc in 2000.trade4target systems are simply systems that base trades off of breakouts of recent consolidation areas.Since 1919 the most common benchmark for the price of gold has been the London gold fixing, a twice-daily telephone meeting of representatives from five bullion-trading firms of the London bullion market. Furthermore, gold is traded continuously throughout the world based on the intra-day spot price, derived from over-the-counter gold-trading markets around the world (code "XAU"). The following table sets forth the gold price versus various assets and key statistics:

RBI has fixed the issue price for the fourth tranche of sovereign Gold bond at Rs 3,119 per gram of Gold. The rate was fixed based on the average of closing price of Gold of 999 purity for the week July 11 to 15, as published by the India Bullion and Jewellers Association Ltd, according to Reserve Bank of India (RBI). Read more here- http://www.pinnaclefinancial.in/blog/gold-trend-today-rbi-fixes-gold-bond/

Investments should always be goal based. The goal can be anything like buying a house (or a second one too), education, tour and travel, retirement fund, etc. While investing never use your heart, always use your brains. Analyze things from the practical perspective. Investing is both a science and art.

In the global market, Gold is trading sluggishly. At COMEX Gold is trading on 1301.4 $ with a slight decline of 0.15%. Silver is trading at 16.9$, slipped 0.3%.

According to the bank, gold investments through Exchange Traded Funds reached a new record during the week with more than 200 tons added since the rally resumed in mid-August once the price moved above $1,625an ounce.

Previous Year 2015 saw Indian investors & traders move away from the trend of investing in physical assets such as real estate & gold said by Nilesh Shah, MD(managing director) of Kotak Mahindra Asset Management. Instead the focus was more on equities current year. He estimates this will continue in 2016 year as well.

Bullion tips is often seen as a alternative investment at the time of geopolitical and financial unstability, though safe-haven rallies tend to be short-lived. Global equity markets were flat on yesterday after their worst January kick-off in years as concerns about the economy of China weighed.