Gold, the shiny yellow metal holds a special place in every woman’s life, from the jewelry handed down by our grandmothers to that special piece we buy to mark life’s big moments & wins. However, gold is not just a symbol of beauty and security but also it has a rich history, unique qualities, and some smart ways to invest in it. Let’s go through some interesting gold facts that will make you look at gold in a whole new way!
1. The Journey Of Gold From 1964 to 2024
In 1964, the cost of 10 grams of gold price was only about ₹63 in India. Today, that same 10 grams cost more than ₹80,000. This is why gold is known as a “store of value” over a long period it tends to increase in value, protecting your money from losing its worth due to inflation.
2. Skip the Jewelry, Keep the Gold: Invest in Gold Electronically
Gone are the days when you had to buy physical gold to invest in it. Now, it’s a digital era where we do online shopping for groceries, clothes, etc. So, we can invest in gold smartly & electronically too, through options like Gold Mutual Funds, Sovereign Gold Bonds (SGBs), and Gold ETFs. These options let you invest in gold without the hassle of bearing multiple costs like GST, making & design charges, storage & insurance charges, and also risks are involved like risk of purity
You can start investing in expert-curated gold mutual funds through Lxme with just Rs.100.
3. Gold, Traditions & Celebrations: A Timeless Tradition for Life’s Special Moments
Buying old is deeply rooted in Indian culture, especially during festivals like Akshaya Tritiya and Diwali, and important life events like weddings, big wins, etc. For women, gold is often given as a gift to symbolize love, prosperity, protection, and, making it a meaningful part of traditions.
4. Gold is So Soft, That It Can Be Easily Bent With Hands:
Pure gold is incredibly soft and can easily be bent, scratched, or reshaped with hands. To make it durable enough for jewelry, it’s often mixed with other metals like copper or silver. This is why we have different purity of gold like 22k, 18K, or 14K gold these are a mix of gold and other metals, making jewelry long-lasting.
5. Why Gold Shines Bright When Markets Are Volatile: A Safe Haven for Your Wealth
Gold investments often keeps its value even when markets are unpredictable, making it a go-to investment when your equity investments are volatile. Gold market & equity markets have an inverse relationship, that means when equity markets fall, gold prices rise & when gold prices fall, the equity market rises. Ideally, one should invest 5%-10% of their portfolio in gold.
6. Golden Cure: Plays a Role in Medicine
Gold is used in certain medical treatments like Rheumatoid arthritis, gold alloys are used in implants in various fields of medicine, etc. Gold nanoparticles are used to deliver medicines directly to cancer cells, showing that gold’s value goes beyond wealth and beauty.
7. Gold on Your Plate: Gold is Edible and Used in Luxury Foods
Gold is safe to eat in small amounts. Edible gold leaf and dust are used in exclusive restaurants around the world to add a touch of luxury to dishes and drinks. This “food-grade” gold doesn’t react chemically in the body, so it’s purely for show.
These are a few of the interesting gold facts. gold is more than just a shiny metal; it’s a piece of history, a family legacy, and a smart investment option. From being a tradition in celebrations to now having electronic ways to invest, gold remains a constant in our lives.