look news india
After the reduction in customs duty, the price of gold has fallen by Rs 6000 per 10 grams. Due to this sudden fall in gold prices, people are in a mood to invest. Jewelers are also agreeing that the price of gold has increased in the last two weeks.
If you are also planning to buy gold then keep one thing in mind.
In fact, most people still avoid buying digital gold. People prefer to buy physical gold i.e. jewellery. In our country, gold is seen as an investment option. In such a situation, most people make mistakes and later regret it. If you are buying gold jewellery for investment, then it can prove to be a loss-making deal.
Let us tell you that women put more emphasis on buying jewellery. But they do not have deep knowledge about this disadvantage and jewelers never tell this to any customer. Jewelers always advise customers to buy jewellery for their own benefit.
Customers covered under making charges
Customers have to pay three things while buying jewellery. First- the price of the jewellery (according to the weight), second- making charge and third- GST (3%). Whether you pay for the jewellery online or offline, you will have to pay only 3% GST on it.
But if you also buy jewellery from an investment point of view, then change your decision now. Buying gold coins or gold biscuits will be a profitable deal for you. 1 gram gold coin is also available. In future, coins will give more returns than jewellery.
Actually, when you buy jewellery and you have to pay making charge, usually 15 to 20 percent making charge is added on the jewellery. In designer jewellery, this making charge is 25 to 30 percent. Now imagine if you buy jewellery worth Rs 1 lakh and the making charge is Rs 15 to 20 thousand. You will not have to pay this charge if you buy gold biscuits or coins.
There are many disadvantages of buying jewelry
Apart from this, if there is any gem in that jewel, then its weight is also linked to gold, which means that when you go to sell that gem, you will not get a return of that gem. Because whenever you want to sell or exchange that jewelery, only the price of gold will be taken, that is, the money you have paid for the making charge will be wasted. Now think about the huge loss on buying jewelery, that is, the customer is sure to incur a loss of 15 to 20 percent on buying jewelery.
