Jewellery: Let us start with jewellery, it being the chief and the most traditional form of buying gold in India. Many well known jewellers stamp their different pieces of gold jewellery with the specific karat quality called the Hallmark. The Hallmark is usually found on the inside part of each piece and will indicate the gold content, for example, 18K for 18 karats of gold. In addition, always insist on a certificate of authenticity which ensures that you are purchasing a quality piece of gold jewellery.
- The main advantage of buying gold jewellery is that you can wear it and enjoy your wealth.
- It acquires great monetary value and at the same time attains the status of heritage as it passes down generations.
- If you are specially buying jewellery for investment purposes, then you can select a piece that contains a higher percentage of pure gold. The higher the karat, the more is the content of gold. So, it is ideal to choose 24 karat or pure gold or 22 karat that is, around 91% gold, if you want to profit from investment in gold jewellery.
- Though yellow gold is popular, you can get exquisite https://s3.amazonaws.com/goldbackediraaccount/bestgoldira/best-gold-ira.html designs even in white and rose gold. Designer gold jewellery can be a great option in this regard.
Gold Bullion Bars: Gold bullion bars are most often bought in the form of gold bullion and can be purchased from any certified gold dealer. Some of the advantages of buying gold bullion bars are:
- Bars are the easiest form to measure your gold.
- They come in many different shapes and sizes to meet the needs of different investors.
- This form of gold investment is very good for corporates and people contemplating to make large investments in gold.
- Most gold bars consist of pure gold meaning they are 24K in quality.
- If you are investing a large sum of money into gold bullion bars, it is better to buy one large bar than several small ones. Manufacturers add production costs to the market price of the bars which they sell. So if you buy fewer bars you save on these costs.