The attraction of contemporary jewellery requires no explanation for those who collect it, whether it comes in the form ofearrings, brooches, bracelets ornecklaces.
It can be made from precious materials, such as gold or silver, but is often fashioned from far more rudimentary materials, such as aluminium, steel or even cardboard.
Cities with renowned art schools, including Munich and Amsterdam, have pioneered this type of jewellery since the early 1960s.
However, Melbourne is also recognised as an industry leader, largely due to its teaching institutions, such as RMIT and Monash University, which boast world-class gold and silversmithing courses.
Susan Cohn has been an important name in contemporary jewellery since she graduated from RMIT in 1980 and established her own Melbourne business, Workshop 3000, with jeweller Marian Hosking and technician Harry Rowlands.
Her doughnut bracelets – made from aluminium in a number of colours and designs in the early 1980s – were purchased by the National Gallery of Victoria (NGV), as well as museums including the Victoria & Albert in London.
A decade later, Cohn produced clear-plastic versions of the bracelet. Those who had the foresight to snap one up for a relatively modest price would now have to fork out up to $5000 to replace it.
“When I first started making contemporary jewellery, most people referred to me as a designer making jewellery,” Cohn says. “At that time, it really wasn’t understood.”
Other major Cohn pieces include items that looks like they have been crushed under the wheels of a truck. “People would bring in traditional jewellery they no longer wore and it was recycled and compressed into pieces, such as a brooch,” she says.
Cohn also has been instrumental in helping to showcase international contemporary jewellery to Melburnians, with a landmark exhibition, Unexpected Pleasures, staged at the NGV.
Commissioned by the Design Museum in London, it featured 260 pieces, including a crown and a motorbike helmet created for Dutch Princess Maxima by designer and countryman Ted Noten.
Inari Kiuru’s “I remember forest” concrete brooch. Credit:Tom Ross
Melbourne is also recognised for its unique contemporary jewellery galleries, including Funaki, which opened in Crossley Lane about 25 years ago.
The internationally renowned establishment represents some of the finest contemporary jewellers from Australia, New Zealand and Europe.
“The work always starts with ideas rather than from ‘glitz’ or a brand name,” says gallery owner Katie Scott.
To demonstrate, she displays a concrete brooch by Adelaide-based jeweller Inari Kiuru.
The brooch, which sells for $880, is infused with chips of a burnt road sign from Victoria’s King Lake that experienced the 2009 “Black Saturday” disaster.
“The brooch is loaded with history,” says Scott, who sells other pieces for up to $15,000, such as a crown that can also be worn as a necklace by Swiss jeweller David Bielander. Although the pricey item looks like cardboard from a distance, it is actually made from silver and gold.
Bielander’s work will be included in the NGV’s Triennale, which brings together art, design and architecture from more than 80 artists and designers, from December 19 to April 18.
For Scott, contemporary jewellery is neither age or gender specific. “It’s quite an odd term, given it’s been going for decades. The Americans call it art jewellery.”
Scott says it appeals most to “those who know themselves, are confident to express who they are and are unlikely to have a string of pearls in the mix!”
India is the second largest consumer of Gold with the demand for yellow metal crossing over 690 tonnes in 2019, according to a recent report by IBEF. Over the years, gold has continued to be the safety net and investment instrument of choice for Indian families. Considering its significance in festivities and auspicious occasions, purity of gold becomes a critical aspect of buying gold.
With a span that thousands of years, the tale of jewellery in India is long and encrusted with fascinating myths, legends, cultural influences and artistic expressions of the time. Be it the beaded necklaces of the Indus Valley civilization or the temple gold of South India, the astrological link of gemstones and destinies or the fame of diamonds mined from Golconda, the history of jewellery in our nation is in many ways the history of the country itself.
Over the years, while jewellery came to signify power and prosperity to the ruling classes, for thousands of commoners, it became an integral part of social and economic security. With agriculture and trading incomes being fickle, investments in gold and silver became the inalienable hedge against the vagaries of the future. Such has been the sway of these precious metals that even with the advent of modern lifestyles and salaried jobs, the special place they hold in the heart of Indian families has not diminished the least. If anything, it has become more rooted than ever.
With economic prosperity, gold has become the metal of choice in our homes. From the birth of a child to a wedding in the family, it is a part of all auspicious occasions. It is no surprise then that ‘purity’ as an attribute has come to assume primary importance in the scheme of things. After all, who would like to compromise on the virtuousness of something that is part and parcel of so many auspicious occasions in life?
Which brings us to the question: how ‘pure’ is the gold that is part of such important social events?
Responsible sourcing
As consumer awareness has increased over the years and standards like BIS hallmark have been adopted by many leading jewellers and the purity of the metal composition in any piece of gold has been standardized to a certain extent. Terms like Karats and 916 logo have become common knowledge for buyers to look for.
But the fact is that this is nothing but being selective on the topic of purity of gold. Because the purity of gold that you purchase to celebrate precious moments, cannot be reduced to just its metal composition. It needs to be pure in its entirety, right from the mining stage till the time it finds its way into the consumer’s hands. Only if it is irreproachable in this wholesome manner can it be truly termed pure.
Global gold supply chains remain cloudy even today. There exist many malpractices that have a direct impact on the propitiousness of the gold that we purchase. Smuggling, human right violations, child labour, money laundering, terrorist financing etc are ugly realities of the gold supply chain that we often paper over. As consumers, we often turn a blind eye to these aspects and wish them away. But for how long? Is it not time that we ask ourselves: does this shiny piece of metal that gives us so much joy bring tears to those involved in making it available to us?
Indeed, it is time that we all get sensitized to sustainable and responsible gold acquisition practices. Unless we come together and demand that the jewellery being presented to us is sourced keeping ethical standards in mind, the purity of the jewellery that adorns us will always be questionable. Governments at both the centre and states too have to frame the necessary rules and regulations towards this goal.
In conclusion
If there is one thing that Covid-19 has taught us all, it is that the days of mindless exploitation of the environment are behind us. Sensitivity and consideration for others is a sine qua non. Responsible sourcing will add further sheen to gold whose shine has us all enthralled.
The suggestions of gems and jewellery industry related to duties and taxes are under consideration of the Finance Ministry, Commerce and Industry Minister Piyush Goyal said on Thursday.
Gems and Jewellery Export Promotion Council Chairman Colin Shah has suggested cutting import duty on gold to 4.5 per cent from 12.5 per cent, and on diamond to 2.5 per cent from 7.5 per cent.
Speaking at CII”s Gems and jewellery Conference, Shah said that the duty structure is “very high” in the country.
“Your suggestions on right-sizing the duty is under consideration of the Ministry of Finance,” Goyal said.
The minister also said that some “aberrations” have happened in the industry which unfortunately have impacted its credibility, particularly when it comes to financing.
He suggested that the industry can play an important role in creating a situation in which lenders get confidence in the sector and participants.
He added that most of the cases that have caused agony to the industry are well known to most of the people in the industry.
By working in partnership with lenders and bankers, the minister said, “We can find solution to the problems of financing that the industry is facing in India.”
Further, he said that he will certainly take the issues that Shah has been raising from time to time, particularly on exports, refund of taxes at customs station when goods are being exported, small-packet exports through e-commerce and couriers.
He also suggested the industry to look at self regulation or policy and procedures which should be put in place to ensure orderly behaviour of the industry.
Goyal said the sector, through its consciousness about quality and price competitiveness, has been able to penetrate markets of the US, UAE, Russia, Singapore, and Hong Kong.
“Majority of players in the gems and jewellery sector are MSMEs. We need to come forward to augment their efforts in marketing, packaging logistic and access to low-cost finance. This can be done with joint participation and active involvement of associations from gems and jewellery industry,” he said.
The sector contributes about 7.5 per cent to the country”s GDP, 14 per cent to the nation”s exports and provides employment to over 5 million people, the minister added.
The infected person is monitored 24 hours a
day and essential parameters such as oxygenation, heart rate, saturmetry
signal quality index and body temperature are transmitted every five
minutes, via smartphones, to health operators and a team of doctors.
Monitoring is done automatically by the system and, when it detects a negative trend, it alerts the central unit.
The bracelet is
disposable, works for 10 days, and is aimed at positive patients who can
stay at home but whose condition could worsen and need monitoring.
The patient must have a smartphone and is requested to answer questions from doctors via phone or Whatsapp.
If the person is unable
to do so for whatever reason, the emergency department sends up a red
flag and dispatches a doctor to the patient's home.
The bracelet is expected
to relieve pressure on emergency rooms but also provide a psychological
crutch for patients coping with a disease that often generates anxiety
and distress.
Currently 200 bracelets
are being activated in the city of Arrezzo and the project will soon be
extended to two other cities in Tuscany: Siena and Grosseto.
IBM (NYSE: IBM) and Emerald Jewel Industry India Limited (Emerald Jewellery), one of India’s largest jewellery manufacturers, today unveiled the “Tej” mobile app, a first-of-its-kind Artificial Intelligence (AI) enabled mobile application platform powering the B2B business of Emerald Jewellery in India. The app connects Emerald Jewellery with its ~200 dealers, enabling them to search through a growing catalogue of over 500,000 jewellery designs quickly and navigate the complex ordering process easily.
As a part of the multi-year engagement, Emerald Jewellery selected IBM iX, the business design arm of IBM Services, to design, build and deploy Tej, which runs on iOS and Android operating systems. Utilizing the IBM Garage Methodology and IBM Research Labs India, a team of IBM technology and mobile design experts developed the Visual Browse and Visual Search APIs which is hosted on IBM Public Cloud and secured with the IBM Security MaaS360 with Watson Unified Endpoint Management (UEM) platform.
The collaboration with IBM has enabled Emerald Jewellery to redesign the buying process for their dealers, from jewellery design selection to placing a purchase order, using a zero-touch engagement model. Tej App integrates with Visual Browse and Visual Search from IBM Research labs developed for enhanced cognitive search capabilities. IBM India Research Labs developed the vision APIs to help Emerald Jewellery dealers search for specific design elements more easily.
“Our business model is B2B sales where we sell to wholesalers, dealers and large retail chains. With an in-house design team of 170 manual and computer-aided designers based out of Bombay, Delhi, Kolkata and Coimbatore, we have built a design bank of more than 500,000 designs. We introduce more than 2000 new designs across categories every month. This is one of our greatest strengths and there is a need to showcase this to our customers and expand the design range for jewellery retail in India,” said Mr. K Srinivasan, Managing Director, Emerald Jewel Industry India Limited.
He added, “Tej will help us showcase our designs seamlessly and allow our customers across the country to order the latest trends in jewellery design, at the click of a button. I am also happy to share that the Tej mobile app-enabled us to reach out to our dealers in spite of the restrictions laid down by the COVID-19 lockdown.”
Emerald Jewellery aspires to be the world’s largest jewellery manufacturer. The company plans to bring on-board hundreds of new dealers, in the next one year, as they now have the capacity to scale resource requirements on-demand using IBM Cloud. Also, using Tej means that any authorized dealer can start doing business with Emerald Jewellery, using a smart tablet. This BYOD (bring your own device) model takes advantage of IBM Security MaaS360 UEM software to securely deploy the Tej mobile app on any device, whether it be a smartphone or a tablet. Before using UEM, dealers had to be issued with a pre-loaded tablet and updates to inventory and designs would take time.
Sandip Patel, Managing Director, IBM India/South Asia, said, “We are proud to partner with Emerald Jewel Industry India Limited, one of India’s largest jewellery manufacturers. As their strategic transformation partner, we were able to deliver to a challenging and complex requirement of a B2B ordering system. Each order having multiple configurations of jewellery designs in various caratage, size and weight, was a complex CPQ (Configure Price and Quote) system that was built for Emerald Jewellery on a hybrid mobile app architecture hosted on IBM Cloud.”
“We also ensured that the customer ordering process is directly integrated into their ERP system by developing consumable API’s on their ERP platform and integrating it with the ‘Tej’ app. ‘Tej’ mobile app is a truly “born-on-the-cloud” solution, developed and hosted on IBM Cloud,” reiterated Sandip Patel, Managing Director, IBM India/South Asia.
The initial success of Tej has been encouraging. The IBM iX team collaborated virtually with the Emerald Jewellery team using the IBM Garage Methodology to upgrade and fast-track the deployment of the Tej mobile app in April 2020 during the wake of the COVID-19 pandemic. Also, thanks to a support system operated by IBM and Emerald Jewellery team, customer and sales teams benefit from quicker response times to queries and other requests for assistance.
About Emerald Jewel Industry India Limited
Emerald Jewellery is known for its quality consciousness, perfection, reputation and business ethics. Its nearly 5,00,000 design collections – one of the largest in the world – speaks volumes about its strength and range.
The Group has gradually transformed gold jewellery manufacturing from conventional methods to a technology and talent driven one. The company owns four ultra-modern production facilities in Coimbatore whose products command a premium in the market for its uniqueness of design, aesthetics and workmanship.
Emerald Jewellery provides employment for about 5,000 employees. The incredible commitment and the dedication of the employees fuel the growth of the company. The in-house ‘training center’ provides extensive training in the areas of design, production, stone setting etc. to the work force before absorbing them in to the regular stream to maintain uniformity of quality and perfection. Timely exchange of ideas between employees and management helps in attaining continued improvements in all spheres of the management.
Emerald Jewellery possesses a team of skilled designers proficient in computerized modelling and prototype equipment. Emerald Jewellery presently has the capacity of producing more than 50 tons of gold jewellery and articles, 24,000 CTS of diamond jewellery, 300 kg of platinum jewellery and 80 tons of silver and silver articles per annum. Emerald Jewellery was recently conferred with the JNA Award for the ‘Manufacturer of the Year 2020’. The JNA Award is an international award which is regarded as the most prestigious recognition in the gem and jewellery industry.
The trends on the ramp, red carpet and in the production studios we have seen for the past couple of years continue to grow. There seem to be a few new trends, and for the most part, the much more common designs such as hoop earrings,charm bracelets, link chains and pendants that have all been at the comeback mode are returning on the ready-to-wear runways of fall/winter 2020-2021 and rule thejewelrystudios.
From the days of everybody else obsessing about Pandora pieces, or wearing either pearl studs or hoops, the fine jewelry world has come a very long way. We now have different shades of jewel stone, paved settings, curvy bronze details, petite inspiring brooches, exquisite rose gold and designs led by artists.
Here are a few trends we are expecting for fall 2020 to 2021 all the way:
Chains on chains
Chains have become a popular trend in fall jewelry, and the jewelry patterns in fall/winter 2020 are no exception! The chains seemed much more apt this time to go for a season that was influenced by many commercial elements. They were dense chains, but not as gritty or rough as they were in the season prior.
At Chloé, similar sets in the shape of a choker and a bracelet set in a dark silver shade of thick, chunky links are seen. At Off-White, where chain links for necklaces and bracelets had a much more conceptual design that offered a slightly distorted shape, gold was the color of choice.
SeaShell Jewelry For Outdoors
In recent seasons, seashells, coin pendants, and gemstones have all become holiday go-to’s, but designers are mixing their favorites for a mixed-media look that offers a collectible feel for Spring/Summer 2021.
Diamond Jewelry for Memorable occasions
For special or memorable occasions diamond is still occupying the top position. Diamond rings are expected to come in unique 3D designs in 2021. For fall 2020, you can count on diamond rings & pendants & choose any JEWELRY Stores in Santa Clara, CA or nearby to buy them. They pair up well with any formal attire.
Chains & Pearls
The fusion of more industrial chains with fragile and feminine pearls was a second chain trend for fall 2020 jewelry. We are looking for the very same theme for 2021 as well.
On the inconsistent Moschino runway, this unusual mix performed well with pearl string necklaces and heavy-duty chains stacked together. At Chanel and Koché, where gold chains looked more glamorous and opulent, which matched well with the pearly details, the combination was less distracting.
Pearls & Costume Jewelry
Like gems or stones, pearls are an embellishment of a jewel as eternal as conceivable. In addition to traditional looks or chain variations, other accessories included in the fall 2020-21 jewelry patterns are the unusual pearl jewelry items.
Costume jewelry is not commonly used unless it’s a special occasion. So in 2021 we are hoping to see on certain occasions but with a bit less embellishments.
Animal stories have provided a rare point of delight in the news cycles this year. We have been comforted at home by family corgis, cats and Labradors, but it has been wild animals that have truly captivated as they have taken over more typically human territories. Venetians found shoals of silvery fish chasing through canals, kangaroos bounced into abandoned shopping malls inAustraliaand one brave lobster even made it up the driveway of Kim Kardashian West’s Calabasas home.Van Cleef & Arpels yellow- and white-gold, diamond, yellow-sapphire, spessartite-garnet, onyx and letterwood L’Arche de Noé Biche et Cerf clip, POA
Van Cleef & Arpels yellow- and white-gold, diamond, yellow-sapphire, spessartite-garnet, onyx and letterwood L’Arche de Noé Biche et Cerf clip, POA Van Cleef & Arpels yellow- and white-gold, diamond, yellow-sapphire, spessartite-garnet, onyx and letterwood L’Arche de Noé Biche et Cerf clip, POA Kardashian West hasn’t divulged whether the crustacean that scuttled to her house was her spirit animal, but a growing number of Hollywood personalities have found their animal totems via the US jewel brand Star Animal Sundays. Describing itself as a “modern-day expression of style and spirituality that exists at the crossroads of symbolism, nature and wellness”, the brand draws on cultures that have animals at their centre – from ancient Egyptians to native Americans to the Celts – to help clients find their “spirit creatures”. The animals are engraved on recycled gold and ethically sourced diamond rings and pendants, with three coloured gemstones to represent the animal’s traits.
Star Animal Sundays gold, diamond and sapphire Owl Charm chain necklace, £774
Star Animal Sundays gold, diamond and sapphire Owl Charm chain necklace, £774 Star Animal Sundays gold, diamond and sapphire Owl Charm chain necklace, £774 Figurative animal shapes have long been a mainstay of the jeweller’s art. But the current landscape has unleashed a new menagerie of talismans with which to decorate – or arm – our bodies. Jeweller Shaun Leane well understands the desire to wear “protection”. In recent months, during which he has been hand-feeding a vixen and her cubs in his north London garden, he has taken to wearing a seal ring of his own design, engraved with an eagle and the words “Vita Nova” (New Life). Leane was attracted to the ring’s “Victorian feel of sentimentality about rebirth and life”, and it has inspired a new collection, Signum, a series of engraved pieces launching in spring 2021, featuring animals associated with the designer’s Celtic origins. He drew on the custom, originating in the 6th and 5th centuries BC, for decorating one’s cloak fastener with a symbolic beast. Leane’s hare represents balance, the bull strength and, appropriately, his friendly fox opportunity and wisdom.
Boucheron diamond and mother-of-pearl Caresse de Plume brooch, POAShaun Leane rose-gold, diamond and onyx Signet ring, POA
Boucheron diamond and mother-of-pearl Caresse de Plume brooch, POA Boucheron diamond and mother-of-pearl Caresse de Plume brooch, POA Shaun Leane rose-gold, diamond and onyx Signet ring, POA Shaun Leane rose-gold, diamond and onyx Signet ring, POA In art and literature, a beastly form can’t disguise a noble soul, and creatures have often been used to present us with a moral lesson. Similarly, no creature is too deadly or ugly to escape the jeweller’s oeuvre; witness Bibi van der Velden’s slugs and golden-scaled alligators with tsavorite eyes. Likewise the snake, whose ability to renew itself by shedding its skin has made it a symbol of longevity for centuries. The Victorians took advantage of the snake’s serpentine form to twist around a wrist or finger. But it was Bulgari that gave the serpent sex appeal when it introduced the seductive Serpenti design in the 1940s to symbolise the circle of life and eternity. A jewelled animal can express character in a unique form of personal branding. The Cartier panther – one of the most iconic animal designs of the 20th century – was adopted in the 1930s as an expression of the independent-minded woman. The motif has since materialised in designs to suit every mood and season, from stylised barely there black onyx-spotted jewels to its most recent incarnation as a tropical-bright Panther timepiece in the new [Sur]Naturel collection.
Dior pink-gold and diamond Pré Catelan ring, £4,140chanel gold and diamond Sous Le Signe Du Lion brooch, £19,000
Dior pink-gold and diamond Pré Catelan ring, £4,140 Dior pink-gold and diamond Pré Catelan ring, £4,140 chanel gold and diamond Sous Le Signe Du Lion brooch, £19,000 chanel gold and diamond Sous Le Signe Du Lion brooch, £19,000 “Choosing an animal jewel that matches you is about more than aesthetics; it becomes about what the animal represents,” agrees Boucheron’s Choisne. “Our deer gives a quiet and peaceful energy, but the hedgehog is spiky and dynamic. They aren’t just jewels; they are friends and protectors, they become part of your identity.”
This year, Choisne has spent more time contemplating what makes jewellery precious. “It’s about roots and true feelings,” she says of the animal jewel and its continued popularity. “It’s always nice to present a big diamond to the team, but when I show new animal designs everyone becomes emotional.”
Thailand is making a strong bid to export its silver jewellery to India to woo millennials, taking advantage of gold prices that had shot up recently, making the yellow metal unaffordable for many people.
According to trade members, Youth tended to prefer affordable fashion jewellery made of sterling silver, whose properties include brightness, unlike pure silver.
Towards this, Thailand’s Ministry of Commerce, Department of International Trade Promotion (DITP) on Saturday conducted the “Silverline Trade from Bangkok to Bombay Roadshow”. The show targeted members of the Indian gem and jewellery sector, to urge them to visit a forthcoming trade show in Bangkok and place orders to help meet demand in India.
Supatra Sawaengsri, consul (Commercial) and director, Thai Trade Centre, Mumbai, said Thai silver jewellery had special significance for India and Thailand can meet the growing demand from the Indian subcontinent.
“The millennials like silver jewellery and Thailand is the right partner [for] the Indian jewellery industry,” she said.
Saiyam Mehra, COA Member, All India Gem & Jewellery Domestic Council said, “Silver, the ‘democratic’ metal is well within everyone’s reach [and] is gaining ground because it’s precious yet affordable. India and Thailand have many similarities and commonalties in their gems and jewellery trade.”
“Indian silver jewellery exporters, like their Thai counterparts, have a strong handcrafting orientation, design database supported by quality manufacturing operations, mostly by MSMEs. India and Thailand can collaborate and explore synergies to enhance their global exports,” he added.
Mehul Shah, vice-president, Bharat Diamond Bourse and director, Star Brillian said, “With the support of the Thai government, DITP is aggressively pushing export activities to India, Japan, U.S. and the Middle East. Our members will be happy to supply Thai jewellery to the nook and corner of the country.”
Thai officials said the 66th Bangkok Gems & Jewelry Fair would be held in the period February 23-27 in Bangkok.
A Gold has always been a crowd-puller. Many families purchase physical gold either in the form of gold coins orjewellery. However, with the current prices of the yellow metal ( worth of Rs 50,000 for 10g), coupled with the financial difficulties and liquidity issues several people had to face owing to the pandemic, how does one purchase gold this time?
Turns out, you don’t have to wait to accumulate a large amount of money to buy gold. Today, digital gold, gold ETFs, gold mutual funds, SGBs and other avenues of gold investment are highly accessible to people, even to those lacking any experience in the field of investments.
Thus, when the immense prices of gold create difficulties in physical ownership, you can choose to acquire the metal digitally for you and your loved ones against minimal costs this festive season. Here’s how:
Different Ways to Invest in Gold against Minimal Expenses
Digital gold
Digital gold is a convenient and cost-effective way of purchasing gold online in small fractions (as low as Rs 10 ) You can buy, sell and accumulate gold of 99.9 percent purity anytime at the prevailing market price. The digital gold you purchase is stored in secured vaults and insured. Certain investment platforms also allow you to acquire your owned asset in physical form. Besides this, the increased convenience for people, especially those with no prior knowledge of investments, is an added benefit for digital gold. Today, almost anyone with a smartphone can start investing in gold from the comfort of their homes.
Gold ETFs
Gold exchange-traded funds are bought and sold directly through the stock market. Thus, owning such a gold asset on paper is almost similar to physical gold ownership. The prices of the gold stocks closely resemble those of its prices in the market as well. All you need to start investing in ETFs is a Demat account.
Gold Mutual Funds
These funds invest in gold reserves directly or indirectly. They usually invest in stocks of mining companies, physical gold, and stocks of gold producing and distribution syndicates. The performance of these funds is usually linked with the performance of gold prices in the country.
Sovereign gold bonds
SGBs are issued by the Reserve Bank of India, offering assured returns of 2.5 percent every year. The minimum amount that you can invest in these bonds is equal to that of the value of 1 gm gold.
However, such bonds are not available at all times. Instead, the RBI opens periodic windows during which it sells these to investors. However, this investment makes for a viable option if you are looking to invest for the long-term. The maturity term for SGBs is 8 years.
Apart from these, many jewellers across the country offer gold savings schemes that allow people to invest in instalments. Typically, a jeweller allows you to deposit a fixed amount every month for a specific period. At the end of the tenure, you can buy gold from the same jeweller at a value equal to the amount deposited plus a bonus (if offered by the jeweller). The gold can be purchased at the prevailing gold price upon reaching maturity.
As you can see, gold ownership is no longer limited to what you have in your bank and home lockers. You also need not spend lakhs on securing the gold for ownership. Today, through investments with nominal expenses, the prospect of owning the precious metal has undergone a massive transformation. Therefore, this season, give digital and paper gold a shot!
