Gold Rate Today

Buying Gold in India

Buying Gold in India is extremely easy as you can find authentic gold jewellery shops almost everywhere in the country. From large brands to smaller shops, Gold can be found everywhere in India. You can get the standard 22-carat gold, the 23 carats gold as well as the pure 24 carats gold. However, before heading to the nearest jewellery shop, you should search Gold Rate Today or Today Gold Rate on Google for the latest price of Gold. In fact, you can buy Gold from the comfort of your home. Just check out Finserv MARKETS and buy Gold online without taking the risk of stepping out. You can physical delivery of the online Gold that you buy. You don’t pay any making charges & you get 100% of what you see! Best part? You can get your Gold home delivered whenever you wish.

Gold Price Today

22 & 24 Carat Gold Rate for Last 10 Days

Gold Rate Today in Top Cities of India

Factors Affecting Gold Price in India

Today, trading in Gold is a highly-preferred investment mode of investors who are financially savvy and have the risk-appetite required for this market. It requires cautious monitoring of investments as gold price in India is liable to change for multiple reasons. Maintaining or closing a position in this market relies upon how well an investor can track and analyze the ever-changing pricing information.

Some of the critical factors that affect gold prices are outlined below

• Import costs:

Since the demand for Gold is primarily dependent on Gold imports, the import costs affect the Gold rate in India. Higher the import costs, higher the price of Gold.

Interest rates on bank fixed deposits: Bank Fixed Deposits are the go-to investment option for Indians, and it is only matched by investments in Gold. When the Fixed Deposit rates fall, investors prefer shifting their investment to Gold. Hence, the demand for gold rises and thereby, prices.

• Strength of the US dollar:

Whenever the US dollar weakens, gold rates in India rise and when the US dollar strengthens, gold price in India falls subsequently. This is because central banks which maintain US dollar reserves tend to hedge against risks of a devaluing dollar by investing in Gold. This pushes prices up. Also, India buys its Gold from foreign countries, and when the US dollar strengthens against the Indian rupee, it makes purchases of Gold (carried out in USD), more expensive.

• Global economic stability:

Gold prices depend upon the global economic stability and rise during times of economic instability as Gold is considered a comparatively much safer asset than others and people tend to move their investments out of riskier assets into Gold. Other assets bear the risk of being significantly devalued, whereas Gold which has extremely high liquidity, continues to hold high value even during times of crisis.

• Production costs:

Mining companies increase prices at times on account of production costs. This is reflected in the Gold price imported in India.

• Seasonality:

In India, demand for Gold skyrockets during festivals, marriages and other auspicious occasions. Naturally, the price also tends to be higher during these times.

• International prices:

Usually, gold rate today gets affected when gold rate is on an upward trend, globally. Many central banks, especially in the US and in Europe, hold huge gold reserves. When these banks or other financial organizations buy more Gold, prices move upward. International gold prices are greatly affected by the prices fixed on the London Gold Market, twice a day, i.e. once at 10:30 a.m. and once at 3 p.m.

• Inflation:

Since Gold is bought to reduce the risk against inflation, today gold rate in India tends to rise when inflation is on an upward trend.

• Supply:

Domestic production of Gold and supply is limited in India. Supply constraints can push prices upwards. Similarly, lower supplies of Gold globally can make the live Gold rate in India increase drastically.

The Indian Consumer’s sentiment towards Gold

Many people think that Indians are crazy for Gold. Though this statement cannot be entirely false, the truth is that Gold has always had a special significance for all ages. In India, people buy Gold any time of the year and not necessarily during special occasions like weddings, festivals or special events. Gold is deeply imbibed in the Hindu culture as offering Gold to Indian deities is considered especially auspicious. The Indian Hindu calendar has auspicious days to buy Gold like Dhanteras, Akshaya Tritiya and Dussehra. In the western and southern parts, Gold is bought on festivals like Onam, Pongal and Durga Puja.

How is Hallmarked Today Gold Rate Determined in India?

Hallmarked Gold is a term given to a type of Gold certified by the BIS (Bureau of Indian Standards). Hallmark refers to Gold of high quality.

There is no difference between hallmarked gold rate today and the standard gold rate. No gold seller/jeweller charges you extra money if you buy hallmarked Gold. The price at which the hallmarked Gold and normal Gold are sold is the same. The sole and most crucial difference is that you are ensured of purity when you buy hallmarked Gold.

Again, the important thing to remember is that hallmarked Gold in India does not differ from that of normal Gold when it comes to the pricing of the two. The main difference lies in the quality of the metal that is used. When you buy Gold, buy certified quality gold and possibly hallmarked Gold as it ensures quality.

Many investors in India have raised their opinions on the less number of hallmarking centres available in our country. This is an important issue that needs to be addressed by our government so that number of hallmarking centres can be increased as it will be of great help to consumers across India.

Historical Usage of Gold

The first gold coins in India were issued widely during the Gupta dynasty around 250 AD. Interestingly, this period is called the Golden Age. On top of it, every emperor issued coins to emphasize the significance of his rule. However, there was a much more practical reason for Indians to consider Gold as money.

India, throughout its history, was a collection of many thousands of kingdoms and fiefdoms. With these big empires, there was always plenty of fighting, and border territories regularly changed hands. Millions of Indians expected to be the subjects of several different rulers and kingdoms. It was under this scenario that Gold was found to be much more than a metal. Gold, being highly valuable, could easily be hidden during times of strife, enabling ordinary citizens to avoid being looted by raiding armies. Further, a gold coin issued by one king could serve as money under any other king as long as the weight and purity of the issued coin could be assessed. Therefore, Gold was always the preferred medium of exchange and store of wealth.

How is the Per-Gram Gold Price in India Arrived at?

The following factors determine the gold price today in India:

Currency - Whenever the Rupee slips against the Dollar, the Gold rate in India rises upwards.

International Factors - These factors include Dollar becoming stronger against different currencies, a slowdown of the global economic development, volatile policies, etc

Global Demand - The Global demand for Gold plays an essential role in determining the price of Gold in India. If the demand is strong, the prices increase and vice-versa.

Interest Rates - When the rate of interest in countries such as America increases, current gold rate in India falls, and when it falls, the gold price in India increases.

Prices - High price of Gold discourage the consumption in our country. Off late, the price of Gold in India has increased.

How is 22-Karat Gold Price Determined in India?

Now, India does not mine Gold domestically. Places such as Kolar in Karnataka once used to be gold mines are now are closed for mining. Therefore, India imports approximately all of its required Gold. The imported gold rate is factored in to determine the 22 ct gold price in India. Gold importers, such as government banks, private banks, and many private companies etc. fix the wholesale gold prices in India.

When Gold is imported in India, the importers add import duties, VAT etc., and then they sell it to the wholesalers, who retail it to the retailers across India. Gold prices don’t often change during the day.

Difference between 24 Karat and 22 Karat Gold

Importance of Gold

Indians buy Gold for a variety of reasons starting with its auspicious sentiment; as an investment (Gold continues to command long term value); hedge against inflation; asset allocation, etc. Gold, in India, also carries a high perceived value and a very high emotional quotient. It reinforces the closeness of relationships. Gold coins in smaller denominations are also considered apt for Corporate gifting and rewards for contests or commemorative giveaways.

Why is Gold one of the best Investment options in India?

If you are looking to invest in Gold, you’ll get a multitude of investment options in India. But before investing in Gold, you need to be clear about certain things such as why you are investing, the tax liability, the other investment options and everything that you aspire to know about Gold.  Here are various gold options you can avail in India to invest for good returns:

• Gold Online:

The latest option to invest in Gold is Digital Gold. Digital Gold is the Gold you buy online. It is completely safe and you can buy it from the comfort of your home. The advantages are that you get to buy Gold in a few simple steps online and keep it in a secure vault exclusively for you. Best part? You can get your Gold home delivered whenever you wish.

• Jewellery:

Buying jewellery at regular intervals is just like a tradition in India. We even have some rituals which demand to wear jewellery. This is one of the best ways to invest as you can invest in Gold, not worry about the constantly fluctuating Gold price in India and can also keep it for future use. However, one major disadvantage associated with this is that you will have to pay for the making charge as well. Also, at the time of selling it, you might get a lesser amount if you sell it to the same jeweller from whom you bought it from because there is no guarantee that the gold price today will remain the same every day.

• Gold Coins:

Investing in gold coins and bars has been trending for some time. But you should be careful while buying either of these. You should only prefer buying it from authentic jewellers or authorized banks. The only difference is that banks sell gold coins and bar, but they cannot repurchase it. Jewellers, on the other hand, sell you the Gold and can repurchase it from you as well.

• Gold ETF:

ETF stands for Gold Exchanged Traded Fund, a type of mutual fund that consists of only one principal asset: Gold. Gold price today tends to rise when the Dollar is weak, so if your investment portfolio holds assets that have risk exposure to the Dollar’s downside, investing in a Gold ETF may help you hedge that exposure big-time.

If you are seeking to invest in ETF in India, you need to purchase it from the stock exchange by opening a Demat and a trading account. You will bear the brokerage fee at the applicable ROI. Further, you will need to pay the fund management charge as per the stock exchange norms.

After looking at the above options, It is safe to say that before actually heading to buy Gold, a web search for today's gold rate would be a wise decision. Doing this will help you be up-to-date with the latest gold rate and secure your investments accordingly.

Gold Rates Weekly Update

July 2020 - Week 3 (13 - 19):

• In India, Gold rate opened at Rs.4,901 per gram in the third week of July. Compared to the price on the final day of the previous week, there was no change in the rates.
• Over the week, Gold price saw an inclining trend in the country. There was a difference of Rs. 10 in the opening and closing rates of Gold.
• Gold rate in India which closed the week at Rs.4,911 per gram recorded its highest price for the month till date on 17th July. A gram of the 24-karat gold was retailed for Rs.4,916 per gram on the mentioned date.

July 2020 - Week 2 (06 - 12):

• In the second week of July, gold rate in India opened at Rs.4,833 per gram on 6 July in the country. The value of the metal had increased marginally compared to the previous week’s closing price at Rs.4,832 per gram. With the rise in COVID-19 cases all over the world, risk sentiment dipped and the value for the metal increased and was close to its highest value in 8 years. However, gold prices dipped on 7 July to Rs.4,811 per gram as the value of the dollar steadied in the market, increasing risk appetite amongst investors.
• On 8 July, Gold rates increased again to Rs. 4,846 per gram in the country with investors shifting back to the bullion market with increased safe-haven demand as the number of COVID cases surged all over the world. The price of the precious metal increased on 9 July to Rs. 4,871 per gram and further to cross the Rs. 4,900 per gram mark at Rs. 4,911 per gram on 10^th July. The substantial rise in gold prices was due to the surge in cases in the United States of America.
• Gold rates dipped on 11 July, below the Rs. 4,900 per gram mark at Rs. 4,891 per gram as the equities market showed positive data which instigated investors to shift to the stock market. At the end of the week, Gold rate in India increased yet again to cross the Rs. 4,900 per gram mark and closed at Rs. 4,901 per gram on 12^th July with an overall weekly incline.

July 2020 - Week 1 (01 - 05):

• In July, Gold price in India stood at Rs. 4,831 per gram and showed a slight incline by the end of the week. Opening at Rs. 4,831 per gram on 1 July, the metal’s price increased to Rs.4,876 per gram on 2 July with investors shifting towards the bullion market with increased COVID-19 cases in the United States of America. The metal’s price was at its highest on 2 July.
• The price of the yellow metal dipped on 3 July with a subdued demand in the international market with positive data from the United States uplifted risk appetite amongst investors. The price of the metal was Rs.4,836 per gram on 3 July and held steady on 4 July as well.
• On the last day of the week, gold prices dipped marginally and closed the first week of July at Rs.4,832 per gram recording an overall weekly incline as investors remained cautious with the continuous rise in the number of COVID-19 cases in the country.

June 2020 - Week 4 (22 - 30):

• Gold was priced Rs. 4,797 per gram at the start of the final week of June in India. Compared to what was charged on the final day of the previous week, the rates increased minimally.
• Over the next four days of the week, Gold price fluctuated in the country with a gram of 24-karat Gold priced at Rs. 4,807 on 26^th June.
• Gold rates increased following that and closed the week at Rs. 4,846 per gram. This was the highest recorded price of the precious metal for the month of June. The overall performance recorded an incline in the rates.

June 2020 - Week 3 (16 - 21):

• In the third week, a gram of the Gold was priced Rs. 4,721 at the start of the third week of the month. Compared to the closing price of the previous week, the rates were down by Rs.26.
• While the rate of Gold was down on 16th June, it increased slowly in the country over the week. The increase in the prices was accounted to factors like the U.S. Federal Reserve widening its program of buying corporate debt to combat the financial toll of the pandemic, new COVID – 19 cases casting a shadow over the hope of economic recovery, and demand for the precious metal increasing.
• Gold prices in India closed the week at Rs. 4,796 per gram. This was the highest recorded price of the metal for the month of June till date. Over the week, gold witnessed an inclining trend in the country.

June 2020 - Week 2 (8 - 15): 

• Gold prices in India opened the second week of June at Rs. 4,622 per gram on 8th June and showed an evident jump, due to the low risk appetite of investors with growing tensions between the U.S and China. This increased the price of the metal marginally to Rs. 4,666 per gram on 9th June. With investors awaiting the statement on the economy of the United States and a weak value of the dollar, the price of the yellow metal increased and was Rs. 4,641 per gram on 10th June.
• Gold prices showed steady inclines throughout the week, increasing to Rs. 4,691 per gram on 11th June due to the projections mentioned by the United States Federal Reserve which showed poor economic data from the United States of America. With constant fluctuations in the market, the price of the precious metal increased on 12th June to cross the Rs. 4,700 per gram mark at Rs. 4,736 per gram. 
• However, On 13th June, Gold prices dropped slightly to Rs. 4,726 per gram with investors booking profits as the value of the dollar recovered in the market. Keeping up its inclining trend, the Gold rates recovered slightly and stood at Rs. 4,746 per gram on 14th June mostly due to the bearish economic data being released from the United States of America. At the end of the week, Gold prices showed an overall monthly decline, closing at Rs. 4,747 per gram on 15th June.

June 2020 - Week 1 (1 - 7):

• Gold price stood steady at Rs. 4,752 at the start of June. There was an increase in the Gold rates when compared to the closing price of the previous month. The increase in the rates came after demand for Gold saw a boost following unrest in a lot of cities in the U.S.A. 
• Gold recorded its highest price in the month of June weakening dollar and the rising tensions between the United States of America and China. Furthermore, the protests in U.S. cities saw Gold record its highest price for the month on 2nd June with a gram costing Rs. 4,771. 
• In the country, Gold closed the opening week of the month at Rs. 4,725 per gram. There was an overall decline in the performance of the yellow metal.

May 2020 - Week 4 (24 - 31): 

• In the country, Gold opened the last week of May at Rs. 4,792 per gram on 24th May and dipped slightly to Rs. 4,782 per gram the next day. This marginal drop was majorly due to the rise in the equities market in Japan which resulted in higher risk appetite amongst investors.
• The price of the yellow metal remained steady for the next few days at Rs. 4,782 per gram from 25th May to 28th May. The steady nature of prices was majorly due to muted demand in the international market. Along with steady local demand, the price of the metal showed no change. On 29th May, the price of the metal dipped by Rs. 40 and was priced at Rs. 4,741 per gram. The drop in prices came as investors weren’t taking much risk in making any big positions awaiting the response of the United States on China passing a national security law in Hong Kong.
• On 30th May, the price of the metal fell further to Rs. 4,736 per gram with tensions arising between China and the United States of America over the situation in Hong Kong. Moreover, social issues in the United States also contributed heavily to tensions in the country. In the last day of the week and the month, gold prices recovered marginally and closed at Rs. 4,741 per gram on 31st May. The rise in prices was due to the riots in the United States of America resulting in weaker dollar value in the international markets.

May 2020 - Week 3 (17 - 23):

• Gold rates opened at Rs. 4,851 per gram in the third week of May in the country. Compared to the second week, there was an increase of Rs.70 for every gram. Over the next three days, Gold rates in India increased as trade tensions rose between the United States of America and China.
• The increase in the live Gold rates in India witnessed the yellow metal record its highest price in the month on 20th May. A gram of Gold was retailed for Rs. 4,897 on the mentioned date as equities hoped for a smooth recovery from the economic slowdown caused by the coronavirus pandemic.
• Gold rates in India then slipped as investors booked significant profits from recent rallies driven by the rising trade tensions between the U.S. and China and doubts about an economic recovery. The rates then improved slightly and closed at Rs. 4,771 per gram with the overall performance showing an incline in the rates.

May 2020 - Week 2 (10-16):

• Gold prices opened at Rs.4,621 per gram on 10^th May, and thereafter gold prices went through an overall incline during the week in the country. The rise in prices was majorly due to the decrease in risk appetite amongst Gold investors with the rise in the number of COVID-19 cases all over the world.
• On 12th May, the Gold price increased to Rs.4,636 per gram and further increased to Rs.4,695 per gram on 13th May. This increase was primarily because Gold becomes the safe-haven metal for times when the investors lose their risk-taking appetite in the market.
• Increasing barely by Re.1, the price of the Gold had increased to Rs.4,696 per gram on 14th May. On 15th May, the price increased to Rs.4,721 per gram and ended the week after hitting its highest price of the month and the week at Rs.4,781 per gram on 16th May recording an overall growth.

May 2020 - Week 1 (1 - 9): 

• Gold price stood at a steady Rs.4,476 per gram at the start of the opening week of May. However, the rate of the gold saw a decline of Rs.237 for every gram when compared to the closing price of April.
• Gold prices improved & recorded the highest price for the month on 4th May with a gram of the 24-karat gold priced at Rs.4,702 in the India. 
• The rate of the gold fluctuated over the next few days due to a variety of reasons like virus-led curbs easing, equities rising, U.S. jobless claims report etc. Finally, Gold closed the first week at Rs.4,620 per gram with the performance showing an overall incline in the prices.

April 2020 - Week 5 (26 - 30):

• In the last week of the month, gold prices in the country stood at Rs.4,603 per gram on 26th April. The price recorded continuous dips in the international market due to various factors. The price of the metal jumped up to Rs.4,780 per gram on 27th April in the country despite taking a dip in the international market with possible hints of lockdowns easing in the United States of America.
• The price of the Gold on 28th April dipped slightly to Rs.4,766 per gram. On 29th April, the price of the yellow metal hit its highest of the week and the month at Rs.4,826 per gram amidst a continuous declining trend in the international market.
• On the last day of the month and the week, the price of the metal dipped again to Rs.4,703 per gram. As international prices of the metal recovered from the losses with various banks hinting at restarting the economy, the price of Gold increased in the international market. 

April 2020 - Week 4 (19 - 25):

• Gold price was at Rs.4,456 on 19th April in the country. There was a decline of Rs.9 for every gram in comparison to previous week’s closing price.
• The Gold rates in India fell down to Rs.4,446 per gram by 22nd April as investors scrambled for cash in order to cover losses in other asset classes mainly driven by a crash in the oil market as Covid-19 continued to wreck economies.
• The Gold rates rose up and stood at Rs.4,592 per gram towards the end of the week. The increase in the prices was accredited to expectations for more stimulus from central banks to reduce the economic damage caused by the coronavirus pandemic. There was an incline in the prices of the precious metal over the week.

FAQs

When is the right time to buy Gold in India?

There is no such thing called the right time to buy Gold! There are times when the demand dips, and so do the rates. So, to make the most of your investment, try to invest in the metal during the off-season, i.e., when no major festival is around. Buying Gold in an off-season will fetch you better prices whereas festivals bring about a massive influx of buyers which will push gold prices higher.

What are the different avenues to invest in Gold?

Gone are the days when you had to purchase Gold to invest in it physically. Today, there are multiple avenues to buy Gold & keep a tab on live Gold price in India with the popular ones mentioned below.

Gold mutual funds – Gold mutual funds are offered by several organizations, offering ease of investment through SIPs.

Gold ETFs – Gold Exchange Traded Funds permit trading of Gold in units (by weight), with the investment viewed as debt mutual funds by tax authorities.

Gold futures – Gold futures are popular among certain investors, with the MCX and NCDEX offering avenues to invest in Gold through derivatives.

Digital Gold – Digital Gold is a new option to invest in Gold, offering ease and flexibility to investors. You can now invest in Gold safely through Finserv MARKETS. We, at Finserv MARKETS, have partnered with Safegold to provide you with the option to buy and sell certified quality gold from the comfort of your home.

Physical Gold - Physical purchase of Gold in the form of coins, jewellery, bars, etc. continues to comprise a major portion of the total investment, with the new modes expected to gain more acceptance with time.

How many grams of Gold in one tola?

Gold is mostly purchased by weight, with every gram of it costing a few thousand rupees. The Tola is the popular unit in which Gold is measured and Gold rate is further determined basis the weight. 1 Tola approximately translates to around 11.66 grams, with 1 kg of Gold coming to 85.7 Tolas (approximately). This unit is widely used in many towns and cities, with 1 Tola gold costing around Rs 49,125.32 (as of April 22, 2020).

How to buy Gold?

Buying Gold has been made extremely convenient, given the multiple avenues available, but there are still a few key points one should keep in mind before spending their hard-earned money.

Research – Gold rates change daily, and one must research before buying Gold. Observing trends and staying abreast of changes can ensure that you get a good deal on the investment, reducing the chances of being cheated.

Certification – There are numerous occasions wherein people have been duped into buying Gold of inferior purity, purely on account of blind faith. Ensure that the jeweller or source you intend to buy from has a good record, and insist on purity certification.

Online purchase – Individuals who wish to purchase gold online need to ensure that the source they choose is trusted, for some sellers on the internet can be fake.

How to sell Gold in India?

Gold is one investment which is always in demand, making it a liquid asset. Selling Gold in India isn’t hard, with most jewellers and pawn shops willing to buy Gold at market rates. Individuals who wish to sell Gold need to ensure that they know live gold rates, for buyers may choose to haggle or negotiate, and failing to remember present prices could result in selling Gold at lower rates. Here are a few criteria to sell Gold in India:

1. Invoice: A certified seller always asks you to present the original bill while selling Gold. This helps avoid conflict of interest as all the details are mentioned clearly in the invoice. This helps you move further and enquire about the Gold selling rate today.
2. Worth of Gold: Since there is no standardised method to know the correct Gold selling rate, it is strongly advisable to check the worth of your Gold from multiple sellers before selling it.
3. Purity of Gold: Ensure that your jewellery have the hallmark sign or are 24 carat. Jewellers can estimate it of poor quality if the hallmark sign is missing.
4. Final Check: Always confirm the final Gold selling rate before selling your Gold as many jewellers opt to melt Gold or conduct an electrical conductivity test to check the purity of the Gold. Hence, it is always advisable to check the price from multiple jewellers and be content before selling your Gold for the right price.

Also, gold coins and bars attract better rates than jewellery and are easier to sell. Individuals who do not wish to sell Gold can choose to avail gold loans against it, with several banks and private lenders offering loans keeping Gold as collateral.

What is 24 karat gold?

24 karat gold is the purest form of Gold without any impurities. It is this purity that makes it ideal for investments with most investors choosing to purchase 24 karat Gold. The only drawback of this purity is that 24 karat Gold cannot be used to make jewellery or ornaments, limiting their use to gold coins or bars.

How to buy gold coins in India?

Gold coins are incredibly trendy in the country and are available in different weights, ensuring that investors can buy Gold which suits their budget. Gold coins can be purchased from banks, jewellers, post offices or online stores, with the popular ones being in the 1g to 10g weight bracket. Many jewellers and online stores sell coins with the imprint of Gods or Goddesses, charging higher for such coins.

One can easily choose to walk into any bank or genuine jewellery store and choose to buy a coin, albeit a PAN Card might be required if the cost exceeds Rs 50,000. Most jewellers and banks offer a purity certificate with the coin, which could hike the price of a coin. Gold coins can be purchased by the purity as well, with the most popular options being 22 and 24 karats. One should remember to keep certain essential points like market rate, dealer reputation, certification, etc. before buying gold coins.

Want to know an even easier way to buy Gold? Just check out Finserv MARKETS and buy Gold online without putting yourself at the risk of stepping out during these trying times. Digital Gold allows you to buy Gold online in a few simple and completely secure steps. You get what you see along with the added benefit of a secure vault online for your Gold reserve. Best part? You can get your Gold home delivered whenever you wish.

How to buy gold bars?

Gold bars are usually reserved for serious investors, people who have sufficient funds to invest in them. These bars can be purchased in different weights, typically ranging between 500g and 1kg. Banks and prominent jewellers sell gold bars, although one can also purchase them online. One must remember to check the purity and prevailing market rates before investing in gold bars. A Pan Card is mandatory if one is buying gold bars worth over Rs 50,000.

Is it worth investing in gold schemes offered by jewellers?

For most Indians, Gold represents their stature in society. Considering how expensive Gold is getting with each passing year and how most of the population can’t afford it, gold schemes today are a blessing in disguise. For starters, a prospective investor needs to pay a small amount every month, and you get the money’s worth in Gold at the end of the tenure. Further, jewellers tend to let go of making charges altogether at times to make the deal more attractive.