Indian Stock Market News and Views.
Tips in buying Gold and What is Gold ETF
Planning to buy gold, then there are a few things that you should have your eyes focused on. First is the knowledge of the prices and the making charge which differ from city to city and also with the design to design. If you have noticed the advertisements then you can see that they would say that its BIS certified, hallmarked jewellery. BIS (Bureau of Indian Standards) which is a national body that assures the quality of the product you buy. You will be interested to know the what is meant by this “Hallmarked Jewellery” Hallmarking is the accurate determination and the official recording of the proportionate content of gold in the jewellery. Hallmark marks the guarantee of the gold’s purity.
But as a customer how can you determine the hallmarked piece of jewellery? Any jewellery that is hallmarked would have the following five marks.
1. The triangular shaped BIS logo.
2. The purity of the jewellery is marked by a number.
3. The centre’s logo which has had the jewellery hallmarked.
4. The code which states the year.
5. The jewellery’s logo.
But if you have a look at the jewellery these marks would not be clear and visible to the naked eye, if you have doubts you can ask them for an eye glass to see these clearly. The credibility of the hallmarked jewellery assures a good resale value and also as a good pledge instrument with banks. If you have the plans of taking in gold as an investment you can also opt for Gold ETF which works out to be 15% cheaper than getting gold coins from a bank. Gold ETF are just like the mutual funds units that are traded like a listed share of a company in a stock exchange. As we regularly do with an equity market Gold ETF can be bought and sold on market time, investors can redeem their ETF for cash which incurs some cost of redemption. Gold ETF provide ease of trade and globally investors usually use it to hedge against the stock market volatility and the deprecation of dollar.
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