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Yes investing in gold is always good. Gold is a las t hope of everyone who loose the money in market, bankrupted or any thing. So people's belief in gold is huge in all over world.
Although price are going up but it will always go up in long term perspective so start investing soon.
But I would suggest to buy Sovereign gold bonds instead of physical gold
Bowl Leader
Good choice for what? Money growth or preservation? Not a great instrument for growth(7% in last few years) but excellent instrument for money preservation and hedging. As someone suggested, if ur planning to bug Gold go for SGB