Rapid selling, buying effect in gold prices; change investment trend
The rise in gold prices due to internationally induced inflation has not only affected the sale and purchase of gold jewelery but has also forced people to choose other avenues of investment.
Gold has always been a preferred savings option for investment purposes, especially for the middle class people which they use as a means of wealth to be passed on to the next generation.
Buying small gold bars or jewelery with the idea of saving money for difficult times was an age old practice for most of the people.
However, the recent spurt in gold prices has changed the investment trend as most of the people are considering investing in the property sector as the right option for investment keeping in mind the bright future of the industry.
Talking to the media, Jameel Ahmed, owner of a real estate business, said that real estate investment is a highly suitable option right now in terms of profitability and credibility which also provides ample profit margin.
He said that easy installment plans offered by housing schemes, growing property market day by day, low risk factors and high returns are the main factors that attract investors to buy property instead of other savings or investment options like gold. Huh.
He added that whether residential or commercial, real estate has the potential to generate higher returns for investors in various forms including monthly rentals in cash, which gold investment cannot offer.
Muhammad Anis, a gold trader, was of the view that property is a good option for investment but gold is always considered as cash which can be used immediately in times of need.
He said that although the trend of investing in gold is declining now, a large number of people still prefer to invest in gold for the purpose of savings.
Another gold trader, Muhammad Ashraf said that real estate investment is ideal for long term investment which gives better returns than gold but at the same time real estate offers less liquidity than gold.
He said women used to save money from their daily expenses and buy small pieces of gold based on their savings. He said that these small ornaments can be used as ornaments as well as can serve the purpose of savings.
Shazia Khatoon, a gold shop buyer, said that she used to save a small amount from daily groceries, utilities and later used that money to buy small pieces of gold for the purpose of savings.
He said that now taking into account the marginal returns from gold savings; I have invested the same savings in a housing scheme which is appreciating faster than gold.
Ghaffar Ahmed, owner of a private housing scheme, said that a few years ago when the installment option was not available, people used to buy gold for the purpose of savings, but attractive investment plans offered by various housing schemes have changed the investment behavior of people. Have given. People.
He added, “Owning a home is everyone’s dream and the small investment schemes offered by the housing authorities are providing an opportunity to low income people to invest in this sector and make their dream of owning a home come true. Huh.”
He said that nowadays the value of property is increasing day by day and investing in real estate sector is a more stable option as compared to gold as it gives higher returns along with securing your future.