All lenders are directed by the RBI to have board-approved policies on the auction of gold jewellery. This is as per circular DNBS.CC.PD.No.266/03.10.01/2011-12 dated March 26, 2012. These were to be transparently conveyed to the borrower. Also, adequate prior notice has to be issued to the defaulte.....

To invest in gold shares in India, you need a demat and trading account. You can open a demat account with a trading platform or brokerage firm and invest in these stocks by linking your bank account. Apart from being a great investment option, gold assets allow you to avail of quick funds with min.....

Investing in gold coins is a smart choice for you if you're looking for stable returns and a tangible asset. Their potential for appreciation, liquidity, minimal maintenance, and intrinsic value makes them appealing. When purchasing gold coins as an investment, do the following: Try to buy hallm.....

Here are some things to keep in mind when applying for a gold loan: Gold Purity and Weight The purity and weight of the gold you offer as collateral directly affect the loan amount. Higher purity and weight typically result in a larger loan amount. Current Market Value The prevailing.....

When repaying a gold loan, borrowers have to pay back the principal amount borrowed along with accumulated interest. There are various repayment options you can choose from.  Monthly EMIs This option involves regular monthly payments covering both the principal and accumulated interest. Indi.....

With its wide array of benefits, investment in gold in India remains a popular choice for both seasoned investors and beginners. From its role as a hedge against inflation to its universal appeal, gold as an investment is a versatile option that can enhance any portfolio. Whether you're looking for .....

When purchasing any gold product, you must ensure that your gold jewellery/coin is hallmarked by the Bureau of Indian Standards (BIS). This bureau certifies the purity of gold through hallmarking. Moreover, the central government has made hallmark logo on gold mandatory as of June 16, 2021. This mea.....

In 2022, RBI introduced relaxed norms for gold loans by increasing the Loan-to-Value (LTV) ratio from 75% to 90%. Now, banks and NBFCs can offer loans up to 90% of the value of gold or gold jewellery used as collateral. The funds, however, must be directed towards non-agricultural purposes.  This m.....

To prevent defaulting, it's crucial to explore various gold loan options from the get-go to secure lower interest rates and flexible repayment terms. This proactive approach reduces the risk of payment challenges and enables a more manageable loan repayment experience. Wondering where to start? Choo.....

Purchasing gold is one of the favourite modes of investment to build a corpus and safeguard savings against inflation. If you are looking forward to starting trading or investing in this commodity, you must know how gold price is determined in India. By staying informed, you can take a decision on w.....

Gold has a deep historical significance in India, enticing people from different cities with its beauty and charm. The importance of gold has grown over time, with Indians accounting for the majority of gold consumed globally. In Indian history, gold is more than just an investment. Rather, it is a .....

In addition to enhancing the bride's appearance, the importance of gold in Indian weddings goes back to India's traditions and culture. However, while purchasing gold, you must choose trusted sellers, ensure gold's purity, and get purity certificates from the jeweller.   Gold is not just a safe in.....

Jewellers provide an option of buyback to allow you to exchange your old jewellery in order to stay current with fashion. Although gold’s value remains constant, the jeweller will deduct making charges when accepting the gold. They will calculate gold’s value on the buyback date based on current rat.....