Hallmarking is a process by which the gold is certified about its purity. Generally, the hallmark is 916 which says that the gold is 91.6% pure. Gold is never 100% pure because it is so soft that it cannot be molded in any kind of form. So in every gold jewelry has a 916 mark and this is how it is sold at a 916 gold price singapore.

The price of gold is set by some banks for committees who calculate the prices based on the demand and supply of gold. The 916 gold price in Singapore is set in the same way. So if you want to buy gold then here are the steps that you should consider before purchasing.

Tips to consider

• Buy physical gold – it is suggested that do not bite on paper because sometimes the physical gold can give you a guarantee while paper cannot give you a guarantee.
• Buy only liquid coins and bars – you can purchase as well as good as you want. But when you are investing make sure that you invest in coins and bars.
• Buy with your savings – if you want to buy gold then don’t use all your liquid money on it. Use your savings.
• Store it in a safe place – when you have invested in gold can you must keep it very safe in your locker or Bank locker.
• Sell it when needed – you can sell your gold investment when you require finances or you feel that you are earning good money.