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Jewellery pieces to pick up when you are not a big jewellery enthusiast
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Physical gold, Bonds, ETFs: A quick comparison and which is best to invest
Gold investment is a traditional form of investment and is considered as one of the lowest-risk investment options. It offers liquidity in times of emergencies, besides it has status symbol. For ages, the yellow metal has served as a hedge against inflation. If investment is done wisely in gold, it can help in averting risk of loss, beat inflation and provide a good corpus during uncertain times.
In India, gold is also one of the most exported metals and wealth planners suggest that the metal should be a part of an investorâs portfolio. In long-term perspective, investment in gold gives a better return than any traditional form of investment options like FDs and RDs. There are multiple options available to invest in gold. Apart from buying physical gold which is still popular in India, investors have options like Sovereign Gold Bonds and exchange-traded funds (ETFs) or mutual fun
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A diamond may be a chunk of coal that did well under pressure but it s a thing of beauty, and one cannot describe its magnificence in words. Despite being a solid form of carbon that has become the star of the gem and jewellery industry, there are various myths that surround it and we thought we ll bust them for all the diamond lovers.
Bad investment option
Firstly, diamonds may be the first choice of all jewellery lovers, but it is always assumed that they are not a good investment option. Vastupal Ranka, Director, Rare Jewels from the House of Ranka Jewellers wants people to stop assuming that diamonds are a bad investment option. It is an assumption that unlike gold, diamonds are not a lucrative investment. The reality is different. For example, Diamond solitaires bought 5-7 years ago have appreciated 40-50% of the price. Every ornament made with diamonds is backed by a certificate of guarantee and authenticity by the jeweller, claims Ranka.
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Budget 2021: Gems and jewellery industry cheer decision to cut import duty on gold, silver
The Modi government has announced a cut in the import duty on gold and silver, a move welcomed by the industry as it will bring down prices of precious metals in the domestic market and boost exports of gems and jewellery. Finance Minister Nirmala Sitharaman in her budget speech said that to bring the prices of precious metals closer to previous levels, the government will rationalise customs duty on gold and silver.
Gold and silver presently attract a basic customs duty of 12.5 per cent. Since the duty was raised from 10 per cent in July 2019, prices of precious metals have risen sharply. But the government in the Budget cut the customs duty on gold and silver to 7.5 per cent while duties on other precious metals were cut down to 6.9 per cent on gold dore bar from 11.85 per cent; 6.1 per cent on silver dore bar from 11 per cent; 10 per cent on platinum from 12.5 per cen
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Gold to glitter more in 2021! Yellow metal to break records - Predictions
Buying gold is always considered a trustworthy investment. In 2020, the gold price reached an all-time high of Rs 56,191 per 10 grams. Analysts predict that the precious metal is likely to glitter more in 2021. They believe that outlook for the yellow metal is strong amid signs of economic revival post-Covid induced lockdowns and restrictions.
2020 began with gold at Rs 39,100 per 10 gram. The domestic price hit a low of Rs 38,400 in March from where it steadily reached Rs 56,191.
According to Vastupal Ranka, director of Rare Jewels from the House of Ranka Jewellers, the pandemic led to an increase in the price of the yellow metal and the stimulus triggered a sharp rise in investment buying in the domestic market. He said the outlook for gold remains strong, mainly due to fresh stimulus expectations. The price of gold in 2021 is likely to breach the level of Rs 63,000 per 10 gram.