Know about Retirement Planning and the best time to start making investments for a steady stream of money after retirement.
Invest in GOLD and give a boost to your investment portfolio
Smartest investment and life plans in UAE
Dubai aka the city of gold is one of the biggest sellers and processors of gold across the globe. The famous gold souks of Dubai are quite popular amongst tourists and locals to purchase gold. However, with digitization, the online gold market has grown exponentially within the past few years.
Very often people are confused and unable to decide whether they should choose the conventional method of purchasing gold i.e. offline or make use of the internet to purchase gold. Both of the modes have their pros and cons and therefore it is vital for buyers to be aware of all the facts.
Therefore, if you are looking forward to buying gold based on the gold price in Dubai, you’ve landed in the right place. In this thread, we will shed light on the modes of purchasing gold along with their pros and cons and tips that will help you to make better decisions.
The first thing that strikes our mind when it comes to purchasing gold online or offline is quality. The majority of the online platforms that sell gold and other precious stones have quality control specialists and the products are certified by authorities.
On the other hand, in the case of offline markets, there are certain standards that are to be followed by traders and merchants while selling gold to their customers. Therefore, we can conclude that when it comes to quality both of the modes are safe however it is crucial for customers to verify and confirm that the products, they are purchasing are authentic via certifications.
The entire world is battling a serious health issue i.e. novel coronavirus outbreak. In such a situation purchasing gold online is much more convenient in comparison to purchasing it offline. Customers can choose from a vast variety of designs and styles along with safety.
They can even manage to get the precious metal delivered at a different location from their residence which is not possible in the case of offline shopping. Hence, when it comes to convenience considering the current scenario purchasing gold online is much safer and more convenient in comparison to purchasing it offline.
The gold rate in Abu Dhabi and the gold price in Dubai are quite dynamic and tend to change on a daily basis. When purchasing gold offline from gold souks the price of jewelry includes the making charges and the price of gold. An important point to be kept in consideration while purchasing golds from the offline market is that sellers tend to play with the prices based on the demand and therefore customers might end up paying more than what they are supposed to pay.
On the other hand in the case of online gold shopping, the making charges are fixed based on the gold price in Dubai which makes it fairer in comparison to offline shopping. Customers should thoroughly research online and explore offline before making a purchase as it will provide them a better idea of the prices and demand.
Gold is not just limited to being an investment tool it is a style statement. When purchasing gold offline based on the gold price in Dubai the variety is limited. However, in the case of online gold shopping, there is a huge variety that allows customers to explore and discover more.
Another important benefit of purchasing gold online is that new styles and designs show up instantaneously on the internet and it takes time for the latest trends and designs to come to offline stores. Therefore, in terms of the latest designs and styles, the online gold market has an edge over the offline market.
Another important point to be kept in consideration while purchasing gold is the buyback or return policy. Majority of websites that sell gold offer return policy via which customers can return the purchased products within a specific period.
Similarly, when customers buy gold coins or bars jewellery offline from gold markets and souks based on the gold price in Dubai, they have the option of return and buyback both. Customers can sell their old gold to the souks and in return get new gold which is not possible in the case of online gold shopping.
In a Nutshell
As mentioned earlier gold is one of the most selling precious metals of all time. Both the modes of purchase i.e. online and offline have their own benefits and drawbacks therefore customers should ensure that they analyze their needs and then make the decision whether they want to purchase gold online or offline.