Gold Wedding Rings And Gold Wedding Bands: Is The Golden Era On?

Gold Wedding Rings And Gold Wedding Bands: Is The Golden Era On?; It is customary for people to wear gold, especially on their wedding day. However, the rising prices of gold in the past years have made it a bit difficult to wear such wedding ornaments. Gold, which was US$30.60 per gram at the beginning of 2021, exceeded US$61.34 in December. Despite these rising figures, recently it fell to around US$54.52. As a result of these skyrocketing prices of gold, many people instead started buying silver. In this case, few have been investing in gold wedding rings and gold wedding bands.

Truly, gold wedding rings and gold wedding bands are almost being avoided

In certain cultures in Asia, Turkey, and the Arab world; the wearing of gold wedding rings and gold wedding bands during a wedding ceremony is a must. Whoever, the price of gold in these areas of the world has been on the upward trend. Instead of buying these gold ornaments, many people have started buying silver instead. Last year, after the rapid increase in the gold price, many people opted for other metals. It has now become a trend that the bride or groom can also wear silver.

We can therefore conclude that the golden age in weddings is over and the silver has begun

Thousands of people in locations where the gold culture is have stopped running for gold wedding rings and gold wedding bands. Since 2020, silver has been living its golden age. Although the US opening the door to at least three interest rate hikes seems to have capsized the silver markets, for the time being, the gray metal price is at $21.80 an ounce. If we talk on a gram basis, its price increased from 2.50 to 7.50 in 2020 and from 6.30 to 13.20 in 2021. This clearly indicates that silver is an invaluable blessing, especially for small investors.

However, that doesn’t mean that gold is unaffordable

There are some places in the world from where you can buy gold at below the current gold rate. A case in point is Kampala Uganda. Uganda distributes over 75% of all the gold mined from the Democratic Republic of Congo. With over 19 gold refineries in the country, you surely will find any quantity that you want. Instead of scrambling for gold ornaments that are sold expensively, buy cheap physical gold from East Africa. Come to Kampala today or simply contact us online.