Gold acts as a personal investment in two ways – first, you can use it as jewellery and second the return you get when you decide to sell or rent it. Therefore, gold jewellery can be the most useful way of investing in gold for a common man in India.
Throughout history, gold has been used as a form of currency equivalent like a currency accepted everywhere in the world. So, there’s no doubt how it became a powerful medium of investment even though there are various types of precious metals available. But why is it so? It is due to high liquidity and inflation-beating capacity. Gold investment has given double returns in 2020 even with the ongoing pandemic when every other business is getting affected.
Gold markets are also subject to change like other markets, but it is a more effective investment compared to other precious metals.
Why Should You Prefer Investing in Gold?
- It acts as a barrier against inflation.
- It is a tangible asset, meaning something that you get in your hands.
- Gold can be converted into ready cash without affecting its market price easily than any other asset.
- Crisis and geopolitical factors such as war, etc. have a minimum impact on gold prices.
- Even the smallest amount can be saved in the form of gold coins.
In short, gold has always been the best medium of investment, especially during the times of uncertainty, insecurity, economic or political upset, and devaluations since more than 5000 years ago. There’s no item of investment that can beat gold. It’s like you bought gold ornaments because you can’t wear money! It also carries no risk of investment, and there is a very rarest of rare chances for gold jewellery to become a liability. The value of gold always remains the same.
The Current Scenario
gold price will rise globally in the near future. Gold price in India touched record highs of 56,200 Rupees per 10 grams on August 7, 2020!
Ways To Invest In Physical Gold: Gold Jewellery Trends
43% of the demand for gold is in the form of jewellery, and when investing in gold jewellery, it is best to invest in classy and elegant traditional jewellery designs that you can wear at special occasions as well. Jewellery such as small and simple gold rings can also help you in pepping up your style with formal as well as casual wear. A statement ring with minimal jewellery is an ever trending combination. Elaborate pieces such as temple jewellery, intricate necklaces, bangles, toe rings are useful to collect and add to your bridal collection. Not only in women’s jewellery, but you can also invest in men’s jewellery such as flat top rings, simple chain bracelets, gold kurta buttons, neck chains, etc.
gold jewellery schemes which will allow you to make planned purchases of gold ornaments for special events by saving over a period of time.
GOLD: The Global Money!
Let’s summarize this investment game. Gold investment in the form of jewellery is by far the most convenient and safest type of investment not only in India but all over the world. For example, if you bought 10 grams of gold jewellery back in 2013 for 29,600 rupees and kept as an investment then in the current scenario the value of the same thing in 2020 rose to 51,000 rupees. Even if you sell that gold, you are reaping profits only, and with a steady rise in the price trend of gold, it’s always going to be a wise deal for you.
According to bankbazaar.com, Tamil Nadu purchases gold mainly in the form of jewellery and from ANS, the best gold, silver, and diamond jewellery in Salem, you get brilliantly handcrafted gold jewellery that’s worth investing. We sell pure gold items so you won’t ever regret your buying decisions. Even though markets change, better investments are timeless and can add value to your assets and for yourself; so, stop waiting and start purchasing now! 😊