There are three categories of gold known as 24 carat gold, 22 carat gold and 18 carat gold. 24 carat gold is 100 percent pure gold and it is most expensive.
It is highly malleable in nature and it can be molded with human hands. 22 carat gold contains 2 parts of other metal (impurity) with 22 parts of gold. It is cheaper than 24 carat gold. 18 carat gold contains 18 parts of gold with a mixture of 2 parts of impurity or other metals. It is widely used as it is best for everyday use.
Buy only from trusted shops/dealers or banks : If you are interested in an investment in gold then buy them from only trusted shops or banks. Buy them from the places having good reputation.
Buy gold coins for investment : if you are planning for investment in gold then always buy coins or bars of gold instead of ornaments or jewelries. They are easy to store, also, designing and making charges are excluded.
Study the market: Always know the facts and figures about the object of your investment. If you are paying money for something, make sure that you are not paying too much. Know the current demand and prize of the item you are purchasing.
For more information on buying diamonds and rings, visit the links below:
Gold is a good option for both jewelry shopping and investment. Gold has been connected to our county from the ancient times. We can see everyone wearing gold in those religious television serials and films.
India was once known as “golden bird”. Also in the international market, gold has a respectable place. Since no new gold mine is being discovered, the possibility of making a great amount of profit in gold investment is very high. Hence, it is quite advisable to go for gold. And if you are planning to, then here are some tips which you must know before buying gold.
Bureau of Indian Standards (BIS) hallmark :The quality and purity of the gold that you are buying is indicated by this hallmark. Let it be jewelry or a gold coin, if it doesn’t have the hallmark on it then there is no surety of its quality and purity. The bureau of Indian standards has made a quality code and a standard. The gold having the hallmark is up to the standards and is believed to be pure, totally worth the money you are paying for.
Levels of purity : according to the level of purity, gold has been divided into categories of the gold denoted by a unit known as carats. Higher the carat, lower the impurity.
Don’t want to buy gold? Take a look at the following diamond collections instead: