A man in Kerala was recently arrested by the Customs for smuggling gold in a rather novel way – he had ‘painted’ gold worth INR 14 lakhs in the inner layers of the jeans that he was wearing, in a paste form. That speaks for Gold and its royal properties and of course the innovative smuggling methods.
Gold has been traditionally the most preferred long-term investment for Indians. While wearing a glittering ornament is an elite feeling, the safety that gold provides to your wealth is impeccable and the real underlying reason for such heavy preference across centuries. Gold reserves are limited, thus, it derives its value from its demand against its supply.
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