Recently, gold witnessed an all time high in the international bullion market. The prices soared to two decades high and reached $512 an ounce. Investment in the yellow metal is now considered a better bet than equity. Is the age of gold again round the corner? This article discuses gold's record price-rise in the international market and the metal's feasibility as an investment opportunity.

Gold touched an all time high in the bullion market when it reached $500 per ounce in the New York bullion market on November 29, 2005. After two decades and for the fourth time in a period spanning 100 years gold crossed this mark and surged all leading currencies. In India, gold was trading in the region of Rs. 7,550 per 10 grams. Heavy investments by the Japanese on the expectation of high inflation, weakening dollar are some of the major causes for this gold rally.

Gold is a symbol of prosperity. For ages gold has been considered as an investment opportunity throughout the world because of its unique properties. For centuries, gold served as the principal currency for many regimes because of its malleability and resistance to air and water corrosion. Traditionally also, gold is considered auspicious. In India, the demand for gold increases manifold during festival times as people consider it auspicious to buy gold during festivities. Also, during marriage season the demand for gold increases manifold. After bank deposit, gold is the most valued commodity for saving and investing, especially in rural India.

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