Gold is a proudly possessed asset by Indian's mainly in the form of jewellery. To the advantage of gold lovers, the run in prices that gold has seen in the last couple of years, and particularly this year, surpasses the returns provided by any other asset class. This has created an attraction gold, mainly as an investment for asset allocation purposes, in addition to serving its usefulness for occasions and daily utility.
While jewellery serves its purpose for occasions such as weddings, it may not be the most preferred form, from an investment perspective, because of the concern on purity and also the fact that craftsmanship has to be paid for.
At the time of sale, gold price is what you fetch based on the market rate, craftsmanship is not paid for, and so you end up losing the money paid for craftsmanship. If you're looking at gold purely from an investment perspective (asset allocation), it may well be worth to explore Gold Exchange Traded Funds (ETFs) - a product introduced in 2007.
Also See: Gold and Silver rates | Special: Glitter Estimator
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