Gold coins are a valuable investment considering their constant increase in price. Owing to this, several people purchase gold coins on different occasions. However, you must consider some valuable tips before buying gold coins. This can ensure that you get the best deal and substantially increase y.....

With the Reserve Bank of India relaxing the loan-to-value ratio, borrowers get a higher value for their gold assets. So, there is an increase in the number of borrowers availing gold loans, as per the new amendments. The RBI circular helped lenders attract more customers by increasing the demand fo.....

A. What is the IGC Scheme? The Indian gold coin is a part of the Gold Monetisation Programme. The coin is the first-ever national gold coin minted in India. It has the National Emblem of Ashok Chakra engraved on one side and Mahatma Gandhi on the other side.  These coins are available in denominat.....

The credit you select depends on your requirements and preferences. A gold loan is beneficial to those looking to get a loan on a large scale. This is because the value of this precious metal keeps multiplying considerably over time and when mortgaged can get you a huge lump sum on credit. Generally.....

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.....

Purchasing gold on Makar Sankranti has become a ritual in different households in India. Purchase of this precious metal can be in different forms, such as coins, bars, and jewellery. This is so because buying gold on this day is considered auspicious and believed to attract good fortune. Additional.....

Some of you might wonder why one should go for a gold loan with the multiple borrowing options available today. Let’s find out together! Minimal documentation involved Compared to unsecured and personal loans, the interest rates are much lower Employment history, credit score or age not conside.....

Due to its high market value and cultural importance, purchasing gold continues to be a common tradition for Indian investors. A prospect of higher returns and a comparatively hassle-free storing procedure makes gold coins an ideal alternative in this regard.  Moreover, as the leading financial org.....

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.....

Both gold loans and personal loans come with their own advantages and considerations. It is essential to make a well-informed decision that resonates with your financial vision and choose a loan that suits your requirements the best.

Whether you choose a gold loan overdraft or EMI should depend on your discretion based on the financial standing and commercial objective down the line. As both of these options do not require extensive documentation or higher CIBIL scores, you can access formal credit without much hassle.  

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.....

Gold has historically served as a hedge against inflation and geopolitical instability. Along with equities, it is prudent to have some gold allocation because it is inversely correlated with equities. There are various reasons to invest in gold to create wealth and meet your financial goals. Men.....

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 case you have more gold than the limits mentioned above and you do not declare it to the government, it can be seized. In such cases, you are given a chance to explain the source of income for making such investments. If you fail to explain or if the given explanation is non-satisfactory, then it.....

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.....

When thinking of gold, Dubai or the City of Gold, is the first name that comes across our minds. In India, gold is way beyond an investment option, and citizens enjoy a substantial rate of yellow metal consumption. But when it comes to purchasing gold, Dubai has always been a preferred destination a.....

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.....

Where To Buy Gold In India? Gold is a treasured metal in the Indian subcontinent. Indians have been buying and stacking gold for centuries, from weddings to anniversaries to birthdays. In Indian culture, gold is regarded as a symbol of prosperity, purity, and stability.   Considering the rising p.....

There are several attractive discounts and offers available on gold from several online and offline jewellers, marketplaces, and financial institutions during Dhanteras. For example, in 2022, Amazon brings you special offers such as: Get gold coins at up to 20% off Get gold rings starting from.....

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 .....

Now that you have understood the significance of gold in Indian weddings, you must know the prices of the metal depend on varied factors. The local demand and supply forces are one of the important factors that influence gold prices.    The demand for this precious metal surges in the wedding seas.....

For daily use, you need to purchase the type of gold karat that is wearable and presents a sturdy look. In this regard, you can choose jewellery made with 18k or below. Since these ornaments feature a higher content of other alloys, they are strong, which prevents regular wear and tear. On the other.....

The content above highlights the necessary information about the gold and dollar relationship. Although the gold standard is not in use these days, gold affects the value of a currency substantially. The inflation, import and export of the metal considerably affect the country's currency. Hence, peo.....

Nowadays, you can invest in gold in various forms. Here are some of the options that you can explore: 1. Physical Gold This is the most common option since it provides instant ownership of the asset and high liquidity. You can purchase physical gold in the form of: Gold bullions Gold coins .....

Some of the current prevailing trends regarding gold purchases in this country include: 1. Online Gold Purchase Before rapid digitisation, investing in gold was synonymous with purchasing bullion. However, with the changing dynamics of the present day and age, individuals have the option to buy th.....

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.....