Gold price today: Latest gold jewellery rates of Malabar Gold, Joyalukkas, Kalyan Jewellers, Tanishq

The history of gold and gold jewelry as assets is rooted in the tradition of giving gold to women as part of their streedhan, which served as their protection in the absence of independent income. This tradition continues even in modern times, despite changes in inheritance and women's financial independence.

In the era before bank nationalization and during times of bank bankruptcies, farmers and businessmen relied on gold for its liquidity. However, with increased financial inclusion, the case for gold has weakened. Despite this, lower income groups still use gold as a savings device due to lack of access to household wealth and no safety of earned income. Others may be in denial about using gold as an investment.

You can wear the jewelry, but don't consider it as an investment. Gold doesn't make for a great asset to hold because it doesn't generate any earnings. The costs involved in selling gold, particularly jewelry, are quite high (due to damages and making charges). The increase in its worth mainly represents inflation, and the actual return is too minimal to be significant. Therefore, view gold jewelry as a consumable item, similar to clothes, shoes, bags, or accessories.

Instead of investing a significant sum of money in gold and presenting it as an investment, we might be starting to view jewelry as a form of spending for personal use. It's unnecessary to assign excessive value to something that is purely decorative. Today, there are companies that lease jewelry for special events. This is a positive advancement that allows the jewelry to remain in circulation and generate income, while the customer simply pays a rental fee.

If you were to leave and start fresh in a different location, you could establish yourself anywhere in the world by using gold because its worth is globally recognized. However, it's important to stop and think about the likelihood of that situation. Would you invest a significant portion of your money based on such apocalyptic forecasts? Or would you invest a small portion of your resources in gold?

Examine your riches and evaluate the portion invested in gold and jewelry. Assess whether you are going overboard. Determine the significance of gold in your life. Abandon customs that no longer have relevance. It might not be necessary to contemplate whether you should purchase a gold coin annually for your daughter's wedding. If you are deliberating between a gold ETF, gold bond, gold fund, or gold certificate, consider whether you are addressing an asset allocation issue or getting caught up in product selection.