Gold Industry Trends Dissertation Example | Topics and Well Written Essays - 2000 words

grand Industry Trends - Dissertation ExampleFor instance, in the second quarter of 2011, the international demand for currency was almost 919.8 tonnes, 17% less compared to previous year. The value of gold has increased by 5% year-on-year and the total demand of gold with paying attention to value is 44.5 billion USD (World Gold Council, 2011). Furthermore, in the second quarter of 2011, the demand of gold attained a record increase by concentrating on the emergent markets of India and China. These two nations occupy almost 52% of gold piece and currency investing as well as 55% of aggregated international jewels demand. It is worthy mentioning that demand for gold in India is accounted as 38% and China is 25% with respect to worldwide gold growth rate i.e. 7% in 2011 (World Gold Council, 2011).Gold Industry InvestmentThe financial market of gold permits market contestants to use gold as a medium of capital, investment and a pedestal of security. Gold is practically imperishab le and can exist in several forms. Thus, gold can be used for jewelry, investment, official assets, security etc. The investment in gold currently accounts as the second largest usage of the material. According to the report of World Gold Council (2011), in the year 2010, the total amount of gold investment was almost 31,400 tonnes i.e. 18.7% of total gold usage in the world. In the year 2010, several assessments proposed that around 168,300 tonnes of gold affirm been extracted worldwide which can have an violation on the demand of gold (World Gold Council, 2010). ... In the year 2010, several assessments proposed that around 168,300 tonnes of gold have been extracted worldwide which can have an impact on the demand of gold (World Gold Council, 2010). Gold as Financial produce and Instrument For various investors, gold has emerged to be a financial pecker and an ideal investment choice which is fundamentally associated with lesser risks compared to other financial investment ins truments. Investment in gold is beneficial when the financial market full term is unstable. In present day context, there are several products which originate their worth from the price of gold and those products are used as investment instruments such as gold futures, gold exchange traded funds and licensed gold coins among others. In this ir unbroken value of currencies, driven by economic condition and large uncertainties regarding accurate price of other financial instruments, gold can be a smart option to invest (The Hong Kong and Shanghai Banking Corporation Limited, 2011). New Product Development in Financial Services Industry Financial organizations need to carry out new product development strategies on a regular basis to stay competitive in the market. Discovering the potentials of developing new financial products to influence the current customer demand in the market is an exceptionally touch on procedure followed by financial institutions (Strategy Corporate Finance , 2010). In the financial industry, new product developments are often witnessed to fail because of quick market variations along with the challenges of fastener internal structures to preserve new offerings. The challenges of new product development for financial products can be approached from three perspectives which are Introducing a single financial