1. Understand the Types of Gold Coins When purchasing gold coins, it’s important to distinguish between the different types available in the Indian market. These differences are key things to consider before buying gold coins. Bullion Coins These are investment-grade coins, valued based on .....

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.....

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.....

When deciding between an FD overdraft and a gold loan, it's important to carefully evaluate your financial situation and needs. Both options offer quick access to funds at competitive interest rates, but they come with different levels of flexibility, borrowing limits, and repayment terms. An FD ove.....

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.....

Traditionally, many Indians purchase gold on this festival since it is said to bring good luck and prosperity. Below are some reasons why purchasing gold on Makar Sankranti is beneficial: Discounts on Making Charges You can get attractive discounts on making charges from jewellery retailers, which.....

As the global economic market keeps changing, gold rates may also change. While it is true that your loan amount is in proportion to your gold’s market value, there is no need to panic in case of a drop. Your LTV ratio moves up with the depreciating gold value.  Let’s say the loan you got on 70% LT.....

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.

After learning the comparison between gold loan EMI and overdraft, you can make the choice depending on your financial requirements. If you need a fixed sum with predictable repayments, the EMI option is a better fit.  However, if you need flexibility and the ability to withdraw funds when needed, .....

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 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.....

Among all precious metals, gold has carried a unique sentimental value for Indians over the centuries. Here are a few reasons why you can consider buying gold on Dhanteras: Safe Investment Gold is a trusted and reliable investment. Its value has usually increased over time, making it ideal f.....

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.....

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.....

The market dynamics during pre-Diwali and post-Diwali periods can impact gold prices and loan offerings. Here’s a comparison to help you make informed decisions: Aspect Pre-Diwali Post-Diwali Gold Prices Prices usually rise due to high demand Jewellers often offer festive promoti.....

In Hindu tradition, choosing the correct auspicious time or ‘muhurat’ is beyond mere timing. It is a way of honouring tradition while maximising the positive effects of the occasion. Many consider this timeframe highly favourable for making gold purchases.   In 2025, the auspicious window for purc.....

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.....