Gold wedding bands

News 24.05.2016

A symbolic investment

 

Some 45,000 weddings are on record this year for May – one of the more popular months for getting married. According to data on the online portal Statista, the figure for the whole of 2016 in Germany will be around 380,000. Wedding bands for bride and groom symbolise the value and permanence of marriage. White gold rings, frequently bearing the 585 gold purity marking, are the current trend. This stands for 58.5% gold alloyed with silver, copper and palladium. This type of ring contains an average of around 3.5 grams of fine gold, which is currently worth approximately €126 (May 2016).

Gold has risen in value by 347 percent over the past 25 years – the number of years reached for a silver wedding anniversary. And couples celebrating their golden wedding anniversary this year will have seen a 3,258 percent increase in the value of their wedding rings. Nevertheless, rings are not suitable as an investment instrument and should remain a piece of symbolic jewellery on the fingers of their owners.

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