A working woman’s guide to investing in gold

A working woman defines the very ethos of our modern society. Why not take charge of your hard earned money? Women have always had a soft corner for gold. Wealth, prosperity, status, fashion – in all its forms gold is beautiful.  This love for gold can also turn into a lucrative savings plan that works for you.

Let us now see how gold can become a highly effective and profitable investment option for the working women in her 20s, 30s or 40s.

Start small:

A guide to gifting gold to a mom-to-be

Baby showers may have gotten to be more westernised over the last decade or so but some things that haven’t changed are the small but important rituals. The mom-to-be may be wearing a gown instead of a saree but the flower jewellery, the pooja, the godh bharai traditions continue. In the same breath, gifting gold for an auspicious occasion will always prevail.

A woman is born again:

Indians love gold

The fact that Indians own more than 22,000 tonnes of gold shows their love for the yellow metal.

This year, Indian consumer demand is expected to be between 900-1000 tonnes of gold.

Most of this gold demand is generated by weddings in our nation.  Jewellery represents over 50% of gold demand in India. With more than half our nation's population under 25 and with 15 million marriages expected every year over the next decade or so, this is one gold consumption well that won't run dry anytime soon.

Gold Jewellery schemes made just for you

You wish to invest in gold jewellery, but in small installments that build up to a big enough amount on the day you plan to make your purchase. Many jewellers have their own versions of gold savings schemes for you.

Here's what these schemes offer.

In simple terms, they are similar to a recurring deposit scheme that you open in a bank. The difference is that, on maturity of your gold savings scheme, you'll have to redeem your money in the form of jewellery from the jeweller you opened your deposit with.

How to plan your gold investments in 2017?

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

How is gold hallmarking done?

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?

Gold purity and colour guide: What is the difference between 24k, 22k and 18k gold?

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.

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