Gold in everyday life
We all know of gold as a great investment option. But did you know that this much-cherished metal is also used in abundance in all these everyday items?
We all know of gold as a great investment option. But did you know that this much-cherished metal is also used in abundance in all these everyday items?
Owning Gold is a wealth goal for most Indians. In fact, 73% Indians believe that owning Gold makes the feel secure, as per the latest World Gold Council report on Indian market. In the journey to building your Gold portfolio, you may, though the chances are rare, come across unclaimed Gold.
The year 2016 taught us to “be prepared for the unexpected”. Be it Brexit or Trump as POTUS, reality was far away from widespread expectations. Considering the optimism about the global economy and stillness in gold prices, what can be a lucrative investment approach for gold for 2017?
Here are some of the routes you could consider to create a well-balanced investment portfolio featuring gold as an asset that guards and grows your wealth despite unpredictability.
Gold Coins, Bars, and Jewellery
Thinking of buying gold jewellery? You’re not alone. Indian households own over 22,000 tonnes of gold. Moreover, approximately 600 tonnes of gold is used for jewellery production each year. But judging the purity of gold is no easy task. How do you differentiate between pure gold and a yellow lookalike metal? How can you ensure the sanctity of this most meaningful purchase?
What is hallmarking?
When talking about gold, you must have heard the term ‘karat’. Before you understand the difference between 24 karat, 22 karat, and 18 karat gold, you must get a clearer picture of what the term karat stands for.
Karat is a unit that is used to measure the purity of gold. The higher the karat, the purer the gold.
It essentially means that a sample with a higher karat rating has more gold in it than other metals that may be used as an alloy. Here’s a simple guide to understanding the difference between 24 karat, 22 karat, and 18 karat gold.