Investing in gold

As Ramadan commences and the celebration of Eid, the main festival of Bengali Muslims, approaches, many Bengali women consider purchasing gold ornaments to mark the occasion. However, buyers must ensure the value of the gold before making a purchase, as gold is not only a precious metal for adornment but also a significant investment for future savings.
Investing in gold can serve as a cornerstone for your future, as its value is one that never diminishes. The global gold market is currently valued at approximately 14 trillion dollars. Gold ornaments have been a part of Bengali culture for centuries, serving both as a form of adornment and financial security.
To ensure the quality and purity of gold jewelry, hallmarking has emerged as a crucial process. Hallmarking involves testing the jewelry on various machines and conducting lab tests to confirm its value and authenticity. The hallmark logo, company name, and carat are all mentioned in one mark, ensuring customer satisfaction and confidence in the shopkeeper.
Hallmarked jewelry is essential for several reasons. Firstly, it ensures the right quality of the customer's hard-earned jewelry. Secondly, it prevents the sale of self-made ornaments with fake hallmarks, which is illegal. To obtain a hallmark, the value must be determined, and a lab test certificate must be provided. Therefore, all customers are advised to request hallmark and gold test reports before purchasing gold ornaments.
The importance of hallmarked gold jewelry cannot be overstated. It guarantees the authenticity, purity, and value of the gold ornament, providing the buyer peace of mind and ensuring the longevity of the investment. As the festive season approaches, buyers must be aware of these factors and make informed decisions when purchasing gold jewelry.

Md. Asifur Rahman
Student, BBA
North South University