What are uses of Gold?

Gold is an ever appreciating asset. Traditionally, in India, gold jewelry has been used for gifting especially in marriages. But eventually investors world over have started seeing gold as a good investment. Digital gold, sovereign gold bonds, and gold exchange traded funds are few of the investment options in gold. Recently, the price of gold have seen a decline, but over the years gold value increases. 

Gold is a precious metal. Gold is very expensive, and this is because the supply of gold is less than demand. The largest amount of gold is extracted in the Hutti mine of Karnataka province of India. Basically gold is used in jewellery. Gold jewellery, such as bangles, rings, ear rings, bracelets, necklaces, ete. are very popular and demanding in women. Apart from jewellery, gold is also used for many purposes. It is used in other materials, such as pens, clothes, purses, trophies etc.

Gold is found deep in the layers of the earth under the rocks and is mined in South Africa, the USA, Russia, Australia and Canada.Gold was formed on earth naturally from dead stars and meteorites that hit the earth’s surface.

Gold is a metal called Aurum. It has symbol Au. It is of great uses to our society. Not only can it be beautifully shaped and sculpted, the precious yellow metal conducts electricity and does not tarnished. It is a great use of industries and economical sector. It is also used as a medium of exchange or called as money. It has various uses in technical gadgets like cell phones, etc. It is of great use in aerospace.