Buying gold jewellery? Here’s how the pricing works
If you’re thinking about buying gold jewellery as an investment, it’s not the best option. You’ve probably heard this before. The making charges and the gold wastage that occurs during the making of an ornament increase the overall cost, which you might not fully realize later if you decide to sell or exchange it in the future.
Most people are aware of this. When there’s a chance to save some money, we usually find a way to figure it out. But let’s be honest: we Indians have a special love for gold ornaments, and there’s a good reason why India is one of the top gold-consuming countries in the world.
Buying gold during the festive season has become a cultural tradition for many of us. In this post, I won’t dive into why other forms of gold are better investment avenues—you’ve probably heard all that before. Instead, I’ll focus on how the pricing of gold ornaments works.
You should know what you are paying for and why you are paying when you purchase anything.