For centuries gold is the proven and the best investment option compared to any other investment available in the world. If we check the gold price chart for last 100 years, gold price appraised steadily and continuously, thus cementing the trust of people all over the world. For example on 01/06/1995 gold price per ounce was 383 USD and on 01/06/2010 it was 1219 USD per ounce. That is a whopping 318% rise in 15 years.
Another main advantage of Gold is it’s very easy to liquidate or sell. Other real estate or any other type of investment needs ample time to liquidate, but in gold it is one of the easiest investments to resell. In Dubai or for that matter in UAE, Gold or diamond can be resold to cash through authorised Gold dealers or Gold shops. There is process prescribed by the government to resell your old gold or diamond for cash in Dubai. You need to personally visit the showroom or shop which accepts the old gold or diamond for cash. The shop keeper will ask for the proof of purchase i.e. invoice and your identity Card. Then the shop keeper will evaluate your jewellery for purity of the jewellery or authenticity of the jewellery and he will quote a price. If the price is accepted by the customer, then the shop keeper will inform the Checking officers of Local Police department by phone. After getting approval from the officer the shop keeper will hand over the cash. This process is hardly takes 7 – 10 minutes in normal conditions.
In Bafleh Jewellery, we too buy gold or diamond jewellery for Cash. After completing the due process, the best available rates in the industry is given to customer. Diamond Jewellery often requires 1 or 2 days to check the authenticity as the jewellery should be sent to our laboratory for final checking. We in Bafleh understand that customers need to get best price for their Gold even when they are selling it for cash as gold is considered as the Best Investment for Rainy days.