Is It A Good Time To Actually Invest In Gold
In the article given below we’ll be discussing a really important topic that’s “Is it a good Time to actually invest in Gold” let’s discuss it in detail:
It can be said that India is one of the world’s largest markets for gold, as the precious metal has always been revered as well as considered auspicious. A symbol of affluence as well as prosperity, gold is really deeply entrenched in India’s cultural heritage. While the gold market briefly plunged at the beginning of the year with the imposed lockdown, the demand for gold has seen an upswing across the world since the onset of the pandemic. And it’s expected to pick up as the festive season begins as gold demand is probably going to play an integral part in India’s economic revival.
Since gold has always been a reliable ally during financial hardships and is less volatile as an asset, gold is actually considered to be a low-risk, safe investment option—especially during the current uncertain times as compared to other investments like stocks. For gold to be purchased for investment purposes, there’s no right or wrong time. Experts believe that each and every investor should have some gold in their portfolio. Moreover, gold consumption is primarily driven by need, be it weddings or any sort of religious functions, however seeing how global economies have come to a standstill this year, it’s actually even more imperative in order to enter this asset class now as well as add gold to your investment profile.
Factors to really keep in mind while buying gold From buying a gold coin or bar to digital gold online, there are numerous ways to further make an investment in gold. Experts recommend a perfect allocation of 10 percent, which should be increased to fifteen percent during the current economic climate. Before making a purchase, it is vital to understand what options are available and what factors to bear in mind in making a selection.
Purity of gold
Generally is denoted in carat (K), gold is actually available in a variety of different levels of purity; from 14K to 24K. The purity level you choose directly impacts the price of your purchase. While 24K is considered the purest type of gold, it isn’t suitable to make jewellery and hence it’s mixed with an alloy. This is main reason why most gold jewellery comes in the kind of 18K (75% gold), or 22K gold (92% gold). Thus make your choice based on your requirement.
Hallmarking certification
Just like any other investment, it’s very important to have a certificate in order to make sure you have proof of ownership of the gold you have bought. In India, the certification is issued by BIS (Bureau of Indian Standards) so check to see if your purchase really has a BIS hallmark.
Buying physical gold
Before the COVID pandemic hit and stringent lockdown measures came into play, buying gold (i.e. bars, coins, jewellery) physically from stores has always been the norm. Furthermore, when you bought physical gold, you also had to account for a storage space which generally came in the sort of bank lockers that provided safety as well as security. But seeing this scenario, investing in digital gold has become a preferred option because it provides safety and convenience to buy this metal from the comfort of your home.
Digital gold
Owing to the extended lockdown as well as slow economic recovery, digital gold investment has actually gained prominence and become popular rapidly. Being one of the better performing asset class this year with low risk and high returns, buying gold online is one of the fastest and safest way to buy and store gold. It provides more transparency, storage in digital vaults and thus encourages good governance.
Where to buy gold online
We are one of the most comprehensive digital financial service platforms. You can buy gold at affordable prices from us from any of our branch.