Gold Bar: A Stacked Shiny Solid Investment
Throughout history, gold, as a rare and valuable item, has always been connected with money. It is one of the most precious metals known to humankind. The word Bullion comes from Claude De Bullion, a French Finance Minister.
This valuable metal is commonly found in ingots, coins, and bars. Investment in Gold Bullion or Gold Bars is a timeless currency that assures a secure future.
Explore more here Coin Pendant, Gold Frames & Investment Coins
An Insight Into The Fascinating History Of Gold Bars
Throughout history, gold has been treasured by civilizations such as Rome, Egypt, Persia, and the Indus Valley. It was due to its durability, rarity, and aesthetic qualities. It has been used for currency, jewellery, and decorative arts, and its availability has significantly impacted societies' economic and political fortunes.
As a symbol of wealth and power, gold played a crucial role in shaping the social hierarchy of those civilizations. Gold coins were used as prime currency in the ancient period.
With goldsmiths and craftsmen working on them, gold rose to great popularity as a symbol of power, wealth, and nobility. Only in the 9th Century B.C. did gold start being used as an exchange or currency for trade.
The last king of Lydia donated 117 gold cast bars to the Temple of Apollo. These were used even in Babylon in the 3rd century B.C., carrying the engraving of the reigning pharaoh.
They were cast in the United States before 1986. It resembled rectangular bricks with markings on the sides of the gold bar. The markings carried information about its production, finesse, and purity.
The stamped seal reveals the place of origin where the gold was cast. The registered serial numbers and holograms were used as a security measure. World’s largest gold bar stands at 250 kg and is displayed for public viewing at Toi Gold Museum.
Get Your favourite Gold Bullion with DGRP
DGRP is an attractive monthly investment plan by Candere that aids in jewellery shopping online. The gold rate per the booking day’s rate may determine its price. We need to pay only 10% of the total value of the Bullion only at the time of booking the jewellery. You can continue paying the remaining amount for a fixed tenure through flexible, easy installments.
Gold bars can be purchased without fees or interest, allowing for saving and investment simultaneously.
1. Why Should You Invest In Gold Bars?
Gold bars produced in modern times typically do not contain 100% pure gold. Thus, with their combination of alloys, gold bars can be easily stacked, stored, and transported in their original shape. They are available in different colour variations. They can be easily sold anywhere and correlate poorly with other financial assets.
Gold is a versatile and reliable wealth-securing asset. It is a valuable investment option for those seeking stability and long-term value.
2. What Are The Different Types of Gold Bars Available At Candere?
The weight of gold bars determines their price. The common weights available in the market may vary from 100gm, 250gm, and 500gm to 1kg. Some of the prominent ones are:
You can also select sterling silver bars from the Candere website. Candere presents an opportunity for interested individuals to buy gold bars online for investment purposes.
3. What Is The Most Common Form Of Gold Bar Available In India?
Crafted to precision with modern manufacturing methods, gold bars have high levels of finishing quality. The older style ones are quicker and cheaper to produce than minted ones. They are also more desirable due to their high aesthetic value.