Gift the Freedom of Choice By Giving Gold Vouchers Instead of Jewellery: 10 Gold Gift Vouchers from Trusted Retailers You Can Buy Online (2020)

Indians have considered gold to be auspicious since time immemorial and the custom of gifting gold is still going strong in India. Be it a wedding, childbirth or even birthday, it is propitious to gift at least a small amount of gold. Gifting gold is also considered lucky in certain cultures. Its significance is deeply rooted in history.

Gold is not just about jewellery in India. It is also a form of investment, a matter of certainty in times of financial crisis. Other than that, it also symbolizes power and wealth. Over the years, India’s love for gold has never waned, if anything, it has grown exponentially. Owning gold is regarded as a sensible and smart choice. Regardless of the rising prices of gold, India’s ability to buy gold hasn’t reduced. And this thought process is reflected in the gold that lies in every bank locker.

Since the ages of kings and queens till now, gold has been considered a symbol of status in India. A person’s stature in society was decided by the gold he could buy. That hasn’t changed much yet. It’s a part of our belief system that gold is a symbol of purity. That’s because gold has passed through the fire before being purified and turned into jewellery.

Gold was not just mined in India, the country also had trade contacts with Romans which accounted for the majority of its gold. Trade flourished in India due to the presence of spices, silk, ivory and such items which they exchanged for gold and silver. Such was their love for gold even in the era when trade routes were just being established.

Much more than their historical significance, gold is intertwined religiously equally between all religions. So much that temples own tons and tonnes of gold gifted by their devotees. A fine example is the Tirumala temple in Andhra Pradesh which receives tonnes of gold donated by devotees. The vast treasure of them all is held by the Sri Padmanabhaswamy temple in Kerala which is said to include gold statues, coins, ornaments and even a throne. Other examples are the golden temple in Amritsar, the golden temple of Sripuram in Tamil Nadu, etc which are covered by gold.

Akshaya Tritiya is a fine example of gold being celebrated by peasants and kings alike. People believe that it is of good fortune to buy gold on this auspicious day. And that their fortune would be multiplied if they purchased gold on this day however tiny it might be. The religious significance of gold in India is again proved by the fact that it is the symbol of Goddess Lakshmi who is the Goddess of wealth.

As we’ve established, gold is the most preferred gifting option in India. But given the choice, not everyone has the liking for shopping gifts, especially jewellery. The choice of jewellery depends on personal interests. for instance, while you may prefer trendy and light as air jewellery, the person you buy the gift for might not like the same kind of jewellery. Their interests might run along the traditional route or even funky pieces. Gifting jewellery that doesn't synchronize with their interest restricts them from enjoying their gifts. It also puts unnecessary strain on the person buying the gifts.

Gift vouchers from respectable jewellers take that needless strain off of you. Gift vouchers/cards can be purchased depending on your budget from a low price of Rs. 500. The person you are buying for can purchase gifts of their liking at their convenient time. It is a cool alternative to gold and cash gifts. Gold vouchers come in the form of debit cards which one can use at the time of purchase.

If you are going along the route of gift vouchers, it is only right that we give you the pros and cons of gifting a gift voucher, both on the personal and practical side.

With tons of options available when it comes to gifting gold, it is easier to get lost in the process. If you are in this dilemma right now, check out gift vouchers. India being the prime centre of gold, you have various options when it comes to gift vouchers. Most jewellers have gift cards/vouchers available for their customers. There are many available in Amazon too. However, international brands are an exception. You might or might not find any suitable gift cards within your budget.

Gift cards come with a set of terms and conditions which you have to take note of. Missing any of these might render it useless. Like the expiry date; Everyday card has an expiry date beyond which the remaining money is forfeited. You cannot get a refund or encash the card. Most of the gift cards can be redeemed multiple times until they expire or the amount is exhausted. Though these resemble a debit/credit card complete with a pin, reloading is not possible

India has a love of gold that goes beyond casual consumption. As much as Indians love to wear their gold jewellery, they also love to invest in gold. Gold is considered a fool-proof investment; With the gold exchange-traded funds or gold mutual fund, gold coins or the recent digital gold, an Indian’s love for gold never abates.

Gold offers one of the best investment opportunities, with countries all over the world offering different gold-based investment options. The most famous of it being gold bullions or coins. It is relatively easy to buy and store. And even more easy to convert to ready cash whenever needed.

Most online stores including Amazon India, now sell gold coins. But before buying gold online, you need to verify the authenticity of the gold. It should come with a BIS Hallmark. Keep an eye on gold market rates before making your purchase. You do not want to purchase gold during a peak. The purity of the gold also matters. You need to choose between 24 karats, 22 karats and 18 karats.

There are always issues when it comes to physical gold; The most important of them is storage and making charges. It the above relates to you, there are also possibilities where you can buy e-gold, gold mutual funds and gold ETF’s as investments. As with all investment opportunities, read and research fully before committing in the long term.

Going for e-gold and other online gold investments help you circumvent the safety issue and also, with taxation. With regards to e-gold, you need not even take control of your physical gold. You can maintain them online; Buy e-gold as and when possible and keep them in your Demat account. You might also want to look into gold ETF’s and gold mutual funds