Last Updated on 08/02/2020 by NM Staff
People in the world could be divided into two categories, people who are happy with whatever they have and people, who are ambitious and want to achieve something in life. The attitude for the second group can be defined by the statement,‘It’s either my way or the high way!’ and it is a wonderful optimal attitude because it makes one motivated for working and achieve all his or her goals as well as able to purchase all the luxuries in life. Well, the majority of the population in India lives on a fixed income and with fixed monthly spending, they always have a certain amount of savings available which is not enough for buying the luxuries as well as live life to the fullest.
So, amongst the tools that are very popular for the purpose is to do financial investments that help a person to increase his savings through investing it in multiple options accessible like real estate, mutual funds, gold, etc.
Now, coming to gold, it is the oldest type of currency used on the earth! Gold was utilized by our descendants, centuries ago as well as it is still getting used today, its reference can even be available in the Hindu mythology epics which highlighting the position, which the gold has in the Indian, particularly Hindu culture. Gold is known as a good luck and therefore, is gifted to new brides as well as other significant milestones in life also.
Let’s come back to the financial investment viewpoint, today, here we will answer all the questions about how to get cash for gold how to sell gold near me and why Gold Investment is a good idea in 2020? Investments in gold are a great way of going but how should you invest in gold? You can have some more questions arise while discussing all these and we will try to cover them as well.
For making the information easy to elaborate, we will begin with the general and basic info and after that will go through into the more precise and technical area. And one more thing, for making this discussion more useful we may take the examples of cash for gold in Delhi and will stick to that to explain different concepts whenever necessary. So, without further delay, let’s start the discussion about investing in gold in 2020.
Key Reasons for making Gold Investment in India
Like mentioned earlier, gold has a strong significance in the Indian culture however, we are not considering the emotions here as actually financial investment is not the subject of heart, it is the subject of mind and therefore, let’s go through the practical reasons, which make gold an appropriate best investment option over others.
Amongst the key reasons for doing any financial investments is that you see it as the backup as if you need immediate money in the future then gold is amongst the easiest ways to liquidate the physical assets. If you need money, you just need to sell and get cash for gold. You will always get buyers ready to purchase the gold. However, remember that the return rates won’t be exactly what can expect, rather, it can be opposite too particularly if you have physical gold, you may get less than invested.
Protection against Inflation
This has been tested again and again that gold always offers strong protection against inflation. The gold rates continue to be nearly unaffected from the inflation and that’s why you do not need to suffer any loss whenever the inflation hits or even currency rates decrease in the international market. Now, if we talk about the Indian perspective, the value of Indian National Rupees has not been doing well in 2020 so, making investments in gold can be a very good idea.
Gold is a valuable metal and we all understand that. As mentioned earlier, gold is holding a special position in the Indian household and it is considered as the wealth of your family, for instance, the gold jewelry is passed on to the next generation from the old generation as a legacy or symbol of the family wealth.
Have you invest in real estate or done any other financial investments? If yes, then you can understand that purchasing gold is much easier compared to real estate or everything else. It is a safe option for the people that want to start making investments as lesser risk.
How Can You Invest in Gold in India in 2020?
There are different ways to make investments in gold and here, we will discuss it along with the information about how beneficial or secured it is to get cash for gold.
Doing investment in physical gold is the oldest way of making gold investments as you can easily get cash for gold. Whenever you purchase gold, it is fundamentally a gold investment. However, as we are discussing strictly on the physical investment grounds, there are only two ways where you can make the investment in gold i.e. gold jewelry and gold bars & coins.
You can easily buy gold jewelry from any jeweler however, the return rates completely rely on the existing gold rates.
Gold Bars & Coins
Even though, gold bars & coins are not extremely different from the gold jewelry they vary in the fact that bars & coins are made from pure gold and they don’t include any manufacturing charges.
So, as we have discussed everything about the fundamentals of gold investments to the pros as well as cons and different methods of making investments in gold. We hope that using all this data, you can take your decisions about whether gold investments in 2020 will be gainful for you or not.
If you want to sell gold for cash in Delhi then you can trust 24Karat as we are the trusted partner for cash for gold and you want to sell gold near me. With the experience of more than 50 years, we can provide you the best prices for your gold. To know more, contact us at any of our branches in Delhi, Gurgaon, Noida, Ghaziabad, and Faridabad.