Gold Buying In Diwali

Obsessed with gold many Indians consider gold buying in Diwali brings health, wealth, and happiness! Diwali is the festival of sweets, gifts, lights, and the glitter of gold.

An estimated 20% of annual gold sales happen during this festive season. Indians - men and women alike – are attracted to this precious yellow metal. While some gift gold coins to their loved ones, some display jewelry to flaunt their pride and financial status, and others use it as a lucrative investment option.

Gold for many years now has been a good investment option alongside investments in stocks and real estate as it offers protection against inflation, and economic uncertainty. Modern day options for investing in gold include Gold monetization schemes, Gold ETFs,

When investing money on this precious metal you need to make sure that the gold conforms to the said purity level, and has the identification of such quality standards on it. The government made it mandatory to emboss 22k gold with a Bureau of Indian Standards mark (BIS Hallmark).

• Weight: Ascertaining the weight of every piece of jewelry or gold coin is important when buying gold. Typically, the weight of gold is expressed in grams, use electronic scales and weighing machines to make sure that you are getting every gram of gold for the money you invest.

• Price: Price is another important factor you need to consider, make sure you check the price of gold on the day of shopping. Generally, the price varies on the purity of the gold, for pure gold you need to shell out more money. When buying jewelry you will have to pay for the labor charges involved in making the ornaments, also you should check for the wastage charges when buying jewelry. You need to bargain for the best price.

• Color: Mixing gold with other metals to give strength for malleability also gives it different colors. This precious metal comes in a variety of colors apart from the glittering yellow gold; you can also chose rose gold, white gold. It is also available in a mix of two-tone

If you plan to buy gold to use them as ornaments, jewelry is an option, but if you plan to use gold purchases as investment you have many instruments available in the market today. You can buy gold coins, bars, Gold Exchange Traded Funds (ETF), backed by physical gold, similar to regular mutual funds. Sovereign gold Bonds, recent instrument of gold investments from RBI offers regular returns in the form of interest in addition to capital gains in the form of appreciation in the value. Gold monetization scheme help you invest regularly in instalments and diversify your spending over a