right.. Problem with such exchanges is that they are prone to price manipulations and do not necessarily reflect the ground value of the commodity...it might end up stoking one more gold man... anyways minimum is 100 GB trade so normal joes liike us anyways cannot afford...
In India the most premium asset is land. If you are not worried about liquidity go for real estate. No matter how small a plot or farm one can get.
Real estate in India is still relatively cheaper compared for what is to come specially just outside cities. Our cities will swell massively with urbanization.
My father bought a small plot for my sister in a farm near our colony. Very undeveloped area then only few houses.
It's been 15 years now . And the same plot has appreciated at least 10 times in those years.
Similarly my father bought some agricultural land (5 acre) approx 4 km away from our house in nearby village at price of 1 lakh per acre back in 2001-02.
Now our small city is expanding all around and that 5 acre agricultural land is now all real estate for housing and priced in sq footage. 400-500 rs sq feet are going rate. Which means it's atleast a million dollar property now. And it's yet to develop fully . In next 15-20 years of will become prime real estate and might appreciate 10 times more if shivji smiles on us. ( We got that with luck after mom worshipped bhole nath as father failed to purchase another land ).
Get whatever piece of land you could get lads.