The Handy Investment at Home
Indians have popularly considered buying gold jewellery as a sound financial investment. They consider this a secure financial decision. But every kind of gold jewellery may not prove to be a profitable investment option. You need to know about the investment-grade gold jewellery along with its price. This price should be close to the market value. Else, you might end up losing your money.
The sparkle of gold is adding more sparkle to more customers at jewellery shops. Especially after the cost of the valuable metal has dropped to an unequalled low. The cost of gold has plunged to its most minimal in four years and the jewellery shops are drawing huge swarms before Deepavali, which falls on Oct 22. The cost of gold is currently RM122.50 for every gram.
“It was about RM135 amid Deepavali a year ago. The diamond setters here offer a decent cost for customers,” said Munusamy at his jewel outlet in Lebuh Ampang yesterday.
C. Vikneswari additionally said business had been lively since the start of the month. Customers are flooding the shops due to the deepavali shopping spree. “We offer the best price with the cheapest charge on workmanship, various and latest design for our customers satisfaction.”
It seems to be quite interesting to see jewellery shops are crowded with customers. People are still into buying jewelleries. This shows Indians are doing very well. Jewels are still a part of Indians tradition.
V. Anggamah said, jewels are still in demand even though the price are way far expensive compared to berfore. She added, “it is believed that wearing gold or having gold in the house during Deepavali can bring good fortune and prosperity.
Jayaletchumy from Kajang said, “Investment in gold jewellery protects you in times of inflation. Gold does not lose its monetary value in the manner paper money does so we believe to buy and keep when the price is low and then sell them when the price is high.”
“The demamd for gold is still there among Indians. Having the latest design always give us the pride when we go to places especially during this festive season,” said Shangkari.
Despite from having imitations and costume jewelleries, gold is still the first choice for Indians. Gold jewellery never goes out of style, and for good reason, because gold is as wearer-friendly as it is beautiful. Pure gold doesn’t react with other elements to create tarnish, the residue that accumulates on some metals before transferring to your skin as a stain. Sometimes people have allergy or staining problems with metals that are combined with gold, but the gold itself is rarely a problem.
Gold can be worked into nearly any shape, including tiny strands that do not break easily. One ounce of gold can even be hammered into an ultra thin sheet that’s ten feet square. Gold can be manipulated nearly any way the artisan desires.
So, be careful while you are purchasing gold. Invest your money in a wise way.