Gold coins most preferred choice of buyers

Gold coins most preferred choice of buyers

    One of the most auspicious days in the Hindu calendar is marked by purchasing gold which is the ultimate symbol of prosperity, wealth and fortune. Looks like this Akshaya Tritiya is going to be no different. As far as buying gold is concerned, it seems to be promising. The mood is upbeat among both, jewellers and buyers this year. However, sales are mostly going to be investor-driven rather than consumer-driven given the demand for gold coins.
    Since the long-term view for gold seem to be less than favourable, gold coins are going to be the preferred choice of buyers. Hence, jewellers anticipate a greater demand for coins or bars. While last year jewellry accounted for 90% of sales during the festival and coins accounted for 10% only, this year the sale of gold coins is expected to go up to 50%.
    Given the current gold rates, coins seem to be the most attractive item to invest in. The fall in gold prices has triggered the demand for gold coins across the country. Since the festival is all about never-ending luck and success, most sales are investordriven.