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You can buy Gold as Jewelery. You have to shell out 10% to 15% of the price of the Gold as fee for designing the jewelery. When you want to liquidate the jewelery you may have to forgo the fees that you paid at the time of purchase. Advantage of jewelery is its easy liquidity. You can sell it to the shop from where you purchase it. You can pledge the ornaments to bank, financier, or financial institutions at a nominal interest. You can take it back as when you have the money. You have to give taxes applicable at your locations while buying jewelery ornaments. More design in the jewelery means, less the value you get at the redemption at jewelery shop. So when you buy Gold as investment point of view, you have to select the ornaments with less design. More the design, more the deductions you get at the time of redemption. Disadvantage of this investment is threat of it being forged. Nowadays there are lockers offered by various bankers where you can park your returns. You have to shell out nominal amount as locker charges.
For taxation purposes of jewelery, if sold within 3 years, short term capital gain tax and more than 3years, long term capital gains tax arises. In India we can pledge the Ornaments to Gold loan financiers and banks. Normally Financial institutions charge around 8% to 18% interest to Gold loan depending upon the amount per gram and duration of the Gold loan. Public sector banks charge interest rate of 6% to 15% depending upon the purpose of the Gold loan and duration of the Gold loan.
As far as Gold ornaments as investments are concerned, one demerit is, normally Indians get into a psychological affinity to the jewelery they possess. They won't sell off the jewelery as fast as other type of investment in Gold. Generally Indians think it is a shame to sell Gold ornaments to others. Without this factor investments in Gold as Ornaments is a better factor. If you can arrange a bank locker for storing ornaments then it is a fine options. Normally bankers charge annual charges for lockers. It may ranges from Rs.100 to Rs.500 annually depending upon the bankers.
You call sell the ornaments to jewelers. However jewelers will deduct the designing charges for that particular jewelery, when they take back the ornaments. If the Gold is not BIS, or Hall marked then you are not going to get the market price of Gold. So when you buy Gold as ornaments ensure that the Ornaments are of BIS or Hall mark certified
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