India’s love for precious metals, particularly gold and silver, is well-known, with people consistently scouting for favourable conditions to invest in or purchase gold and silver. These metals have been an integral part of people’s lives, whether they are celebrating a festival, giving a gift to their loved ones, or looking for a safe investment option. The appeal is eternal. Adding to this appeal, the precious metals segment has significantly evolved its operation with the aim of democratizing investment in these metals. It has increased accessibility to these metals while emphasising technological innovation and integration, making investment more inclusive for a broader demographic.
Easily accessible to all
Historically, people used to purchase gold physically in the form of jewellery, coins, and bars. However, the limitations associated with physical gold were the barriers for many to invest in gold. It was indispensable to address concerns related to storage, purity verification, and liquidity challenges to attract more investors. Digital gold emerged as a perfect solution to these challenges, allowing people to invest in gold from anywhere, anytime, and in any denomination while allaying their worries.
The segment has been increasingly using web-based platform to ensure access to a larger group of investors. This has offered investors a plethora of options to choose from while enhancing the ease of transactions. This outstanding innovation has revolutionized how people buy, sell, and invest in gold.
Silver: The next big investment avenue
Amidst the unimaginable allure of gold, silver is also drawing significant attention from investors as a viable investment option. Many factors associated with silver have appealed to investors. It is a relatively more affordable investment option than gold, thus attracting more investors. Additionally, its industrial and technological applications make it a precious metal with better prospects for price escalation.
Rising investor awareness
The democratization of precious metals is also driven by the rising awareness of financial literacy and accreditation. Financial institutions, government bodies, and the precious metals segment are actively educating investors about the advantages and risks associated with these metals.
Moreover, investors are more aware of globally recognized accreditations such as the LBMA (London Bullion Market Association) which is provided to refiners who follow good practices, and ethical norms. They also check for compliance with Responsible Gold Guidelines (RGG) and seek a purity level of 999.9+ or 99.99%+ 24 karat gold. This behavioural change among investors is desirable and is expected to further shape the segment.
Time to make the decision
These metals have consistently delivered high returns despite volatile market conditions. Including them in an investment portfolio will help reduce the risk associated with investments. The attraction towards these metals is going to increase, thereby increasing their values and return.
This is the era of exploring new investment opportunities. As the precious metals market is set to grow and offer more than expected returns, investors must consider investing in these metals. However, they must adopt a cautious approach while selecting a platform to ensure that they are investing in quality products.
MMTC-PAMP, a recognised brand in the segment, facilitates your decision making by offering quality products as per your needs and budget. With MMTC-PAMP, you can be sure of guaranteed purity while investing in these metals.
Gold has always been a reliable investment. It maintains its value through time and counters inflation and economic hardships. But beginners often make several mistakes while investing in gold which often leads to losses.
Akshaya Tritiya is one of the most important and well-known festival days in India. It is tied to the concept of wealth, a time of new beginnings, great luck, and unending blessings. Many people consider this day to be an appropriate, auspicious time for starting something new, buying real estate, and spending large amounts of money on extravagancies. The most familiar and anticipated tradition is buying gold on Akshaya Tritiya. But what makes gold so special?
We may not realize it, but we all experience inflation daily. When the prices of goods and services go up over time, inflation occurs, which makes your money less valuable. When things get more expensive over time, we say that inflation is happening. If the value of embedded cash savings declines when inflation rises, it worries those looking to protect their wealth. This is where investing in precious metals can help.
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