Probably Indian women should be given the full credit for popularizing the yellow metal as they adorn themselves with various gold ornaments as a fashion statement and also as something to indicate their wealth.
Coming to think of it, the recent spurt in gold price is mainly due to the annual Akshya Tritya festival. It is believed that whatever you buy on this day will bounce back multifold throughout the next 365 days.
Indian jewelers are very busy selling gold bullion either as coins and ingots or stone studded ear rings and bangles.
Non resident Indians who live in other countries like America or Britain too don’t lag behind. They mostly enhance their gold coins collection by buying it from Monex and asking them to store it too.
Yes, Monex offers this helpful facility. Through Monex Deposit Company (MDC) you can purchase silver, gold or other precious metals and coins for immediate personal delivery or arrange for convenient and safe storage at an independent bank or depository.
This, they have been doing it for over 30 years. Their price is also competitive and their customers receive timely tips about the bullion market through their newsletter.
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