Jagran Dialogues: In conversation with Pankaj Mathpal, CEO of Optima Money Managers, see how to intelligibly invest in the gold. India is the largest consumer of gold globally. Gold is one of the most auspicious things purchased in India on the occasions of weddings, festivals, childbirth and more. On this Akshaya Tritya, Mathpal explains that the purity and price of the gold are the most important aspects that should be kept in mind while making a purchase.
1. Know The Purity
The purity of gold can be determined by carats. A 24kt gold piece is considered 99.9% pure and it descends as you pick 22kt, 18kt, 14kt etc. Hallmark is also an important indicator for gold purity.
The price of the jewellery is indicated by its purity as well as what alloy it is mixed with and how much labour has been put in while making the piece.
A person buying gold should check the weight of the actual gold that you are buying before paying for it. Since other used stones can also make the weight heavier and you might end up paying a higher price.
4. Hallmarked Jewellery
Purchasing hallmarked jewellery is highly recommended. It not only indicates the purity but also is a way of safe investment