Gold – the precious metal

Gold is such a metal that was treated equal to currencies in early days. People in India irrespective of the gender, love wearing gold jewellery as this metal provides a sense of pride to the individual who wears it on regular basis, a sense of beauty to the bride on her wedding  and a feel of comfort to every women who wears it. This metal makes every women feel like a diva in themselves and so this is the most wanted jewellery domestically and globally.

People always love to cherish happiness in their life with a golden touch and so they craft their happiness by buying this yellow metal and buy gold in new York . There is always a strong demand for physical gold. Not only does gold serve as a metal of beauty to wear but it also has many purposes to serve. People buy this metal for quick loans, wedding ceremonies, for their medical welfares and for several other reasons. This metal shows a higher liquidity factor and stands out strong to be a timeless piece. Indians see this metal has the strongest commodity

Recent responses- the dramatic framework:

Gold has been trending dramatically in both domestic and international aspects. Today it is the most bought metal across the world. With the recent dip in price rates of such metal, it has resulted in more fervour towards buying this yellow metal. People in India purchase this yellow metal more as an investment than an ornament to wear them.

Many cash for gold and sell gold jewelry in nyc schemes have come up in the country to help people to balance and plan their financial concerns. It is recorded that, though Kerala contributes to 3% of the total population in India, it is this state that buys up to 20% of gold in the country. And there has been a rise in sales from 30 to 35 % in this state, with a brisk business going in almost all retail outlets. Next is the state of Tamil Nadu which contributes up to 16% of south Indian demand.

Gold as a powerful investment metal:

It is found from the people in south India that this gold is seen much as a yellow metal of better investment because according to them the price may vary but definitely not to that extent drastically. While selling, people get more cash for gold that is hallmarked but still this remains to be less in few percentages than the current price. For this purpose many retail outlets prefer to check the purity of this metal using carat meter.

Gold Exchange Traded Funds (ETF) and its schemes gain attention in times of inflation during when people find this physical gold to be very useful. It is analysed to be a very strong investment method. Though this paper gold is not preferred by people in India in the form of Exchange traded Funds this might help in cases of uncertainties in the economic growth. The diamond district stores in NYC offers various ideas to purchase and but gold.

With a drastic dip in gold prices in the past few weeks, customers in India had rushed to buy their favourite jewellery but again the demand seems to be curbing presently, as investors expect more dip in gold rates in the near future for them to make a investment in this most attractive and valuable yellow metal.

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Created on Dec 31st 1969 18:00. Viewed 0 times.

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