Showing posts with label My Gold Guide. Show all posts
Showing posts with label My Gold Guide. Show all posts

Tuesday, 4 August 2015

My Gold Guide!!

Jewellery may be made from a wide range of materials. Gemstones and similar materials such as amber and coralprecious metals,beads, and shells have been widely used, and enamel has often been important. In most cultures jewellery can be understood as a status symbol, for its material properties, its patterns, or for meaningful symbols. Jewellery has been made to adorn nearly every body part, fromhairpins to toe rings. The patterns of wearing jewellery between the sexes, and by children and older people can vary greatly between cultures, but adult women have been the most consistent wearers of jewellery; in modern European culture the amount worn by adult males is relatively low compared with other cultures and other periods in European culture.

Modern fine jewellery usually includes goldwhite goldplatinumpalladiumtitanium, or silver. Most contemporary gold jewellery is made of an alloy of gold, the purity of which is stated in karats, indicated by a number followed by the letter K. American gold jewellery must be of at least 10K purity (41.7% pure gold), (though in the UK the number is 9K (37.5% pure gold) and is typically found up to 18K (75% pure gold). Higher purity levels are less common with alloys at 22 K (91.6% pure gold), and 24 K (99.9% pure gold) being considered too soft for jewellery use in America and Europe. 

MyGoldGuide


The gems and jewellery industry plays an important part in the Indian economy. In addition to boasting a large gems and jewellery market, India has a unique situation in terms of both demand and supply. The domestic gems and jewellery industry had a market size of INR 251,000 Cr in 2013, with a potential to grow to INR 500,000–530,000 Cr by 2018.



The demand in India can be segmented into consumption and investment. Unlike most other countries, investment demand for gold is important in India and accounts for about 45 percent of total market demand. Around 57 percent of the investment demand comes from bars and coins, while the rest comes from jewellery. The high investment demand is driven by a lack of alternative financial institutions for a large section of society, a perceived capacity to hedge against inflation, ability to invest smaller value in gold, high returns in gold over the past 12 years and ease of investing unaccounted money in gold. Also, while the volume demand for gold as jewellery has remained more or less constant over 2005 to 2013, the volume demand for gold bars and coins have grown at a CAGR of around 13 percent in the same period.