Importance of Early Gold Investments
Do your gold purchases early
Indian marriages are referred to as “big fat weddings’. This title has not been given for any other reason, but simply because of the amount of money Indians spend at weddings. Marriages are a one-time affair and hence it’s a time to flaunt the prosperity and wealth that one has. It is not possible to imagine an Indian wedding without gold jewellery.
A Better Understanding Of Gold Loans & Benefits of Using Unused Gold
Disadvantages of Taking a Loan against Gold
For ages, Indians have been fascinated with gold, both for their ornamental value as well as their investment value. People have always treated the yellow metal as almost a liquid asset, which can be easily converted to cash for taking care of big expenditures like a wedding, education, etc.,
Importance of Hallmarking System in India
Jewellery Hallmarking is necessary to boost the economic growth of the country. In India, gold jewellery plays an important role for gifting purposes in various auspicious occasions like weddings. Hence, the jewellery industry makes a huge revenue because of the substantial amount of buyers. Due to a large consumption, jewellery wholesalers, retailers and even small artisans tend to cheat on their customers. Also, there is a heavy competition, low-profit rates and higher gold rates, which drive these jewellery industry operators to perform adulterations by selling low karat/ low-quality jewelry in high karats to the public.