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  • Writer's pictureVitthal Verma

Cash for gold - Let 2022 be as Pure and Precious as Gold

Updated: Nov 7, 2022

Cash for gold - Let 2022 be as Pure and Precious as Gold

According to cash for gold the Gold is one of the purest elements the world has received from nature till now. Its lustre, utility, and aesthetic and materialistic value have made it an unmatched competitor. Gold is not only famous for its value, but for its purity. When we compare something to be pure, we take gold as the standard, this is what cash for gold delhi believes . We buy gold for multiple reasons. The utility of gold is multifaceted. People use it for jewellery, medicinal purposes, investments, gifts, rituals, marriage, and as a sign of good luck and prosperity. The historical timeline shows that people started to realize the power of this metal a long time ago. We sell gold when it becomes old and outdated. Being old and outdated doesn't take the value of gold away. Gold shines even when it is 100 years old.

It is still unknown when and how people discovered the gold. But it is assumed that people started to realize the power of this yellow metal at least during 4000 BC. They probably discovered this beautiful and lustrous metal in the rivers and streams. The ancient Egyptian civilization started to use gold as a medium of exchange during 1500 BC. The first gold coin invented by the Egyptian empires was named Shekel, a coin of approximately 11.5 gms. This gold coin became rapidly popular throughout the whole Middle East. The scientific name of Gold Aurum bearing the symbol AU has been derived from Aureas, the Latin word for gold. Roman emperors of 50 BC started to issue a special type of gold coin as a medium of exchange. This was known to be Aureus and due to high demand for gold we at cash for gold provide you best value for your gold jewellery so you can sell gold at any of our branches to get instant cash or you can sell gold for cash instantly.

In India, Gold has been valued since the ancient period. Nowadays India has many gold mines in Karnataka, Uttar Pradesh and Jharkhand, and it is estimated that Bihar and the adjacent states have reserves of gold ores under the ground. In ancient times, India mostly exchanged spices, cotton, and other agricultural raw materials with gold with the Middle East countries. During the middle age, India probably traded with countries like Italy, Egypt, Persia, Cambodia, Japan and imported gold from these countries. Jewish settlers had been in India in around 500 BC and exchanged gold with gems, cloths, and spices.

Gold has been one of the most desirable metals in India since ancient times. If we see the hike of the gold rate over time, we can see how it has been the easiest mode of investment too. The value of 10 gms 24 carat gold in India was around Rs 4400 in the year 2000. Today, on the very beginning day of 2022, the rate of 24-carat gold (10 gms) is Rs 49150. Gold has never disappointed its investors for decades. Though the rate of gold was volatile in 2020 and 2021 due to issues like the global pandemic, the experts think that the rate is going to surpass all the previous records in 2022.

Cash for gold delhi mumbai punjab has observed the below interview very closely.

In an interview with the Business Standard, Gnanasekar Thiagarajan, the CommTrendz Co-Founder and CEO, says that the rush of liquidity in the equity market was one of the reasons for the volatile market of gold in 2021. He expects that the gold market is going to boom in 2022 with new opportunities for investors and sellers. In this interview, he claims, "We expect prices to move in the range of USD 1,700-1,900 an ounce in the first half of 2022 and cross USD 2,000 in the second half. In the domestic markets, we can expect prices to be in a range of Rs 45,000- 50,000 and cross Rs 55,000 in the second half of 2022 for MCX,". At the very beginning of 2022, we hope that this year takes away all the pains, suffering and failures of the last year. We also wish that 2022 will be as pure and precious as gold to every individual.


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