Borrowing gold as collateral has been a long-standing practice in our country. Previously, individuals mainly relied on private moneylenders to keep their gold and obtain loans. Nowadays, banks readily offer loans against gold during their working hours. Unlike most loans, which consider factors such as credit score and the borrower’s financial ability to repay, gold … Read more
Gold loans are a swift and convenient option for those needing funds. Because gold is used as collateral, they are approved quickly. The funds can be utilized for any purpose, making them a versatile financial solution. However, some crucial factors should be considered before a gold loan. Using gold as collateral for loans is deeply … Read more
If you’re considering investing in gold, purchasing gold jewelry might be the first thing that comes to mind. However, there are alternative options for investing in gold, such as digital gold. Let’s explore the differences between digital gold and physical gold. The price of gold is steadily increasing, and experts predict it will soon reach … Read more
Many people are fond of gold, especially women, who like jewelry not only as an investment but also for its aesthetic value. In 2004, 10 grams of 24-carat gold was Rs. 4,110. By 2024, it had reached Rs. 75,000; experts estimate it may soon reach Rs. 1 lakh. The demand for gold has increased, making … Read more
The central government has introduced various schemes for the people of the country. One of these schemes offers significant returns on investment in gold online, similar to the Sovereign Gold Bond Scheme. Through this scheme, individuals can buy gold online at a lower price and earn interest. This is considered a better option than physically … Read more
Gold is a significant part of Indian culture and is often cherished as a symbol of prosperity and tradition. Many people consider it a decorative metal to keep in lockers, a tangible representation of their heritage and wealth. However, gold is a safe haven during financial crises and can be used as emergency collateral for … Read more
Ensuring the authenticity and purity of gold is essential, especially with the increasing presence of counterfeit gold in the market. The BIS Care App offers a reliable and convenient way for consumers to verify the purity of their gold and silver jewelry using the Hallmark Unique Identification (HUID) number. This app, developed by the Bureau … Read more
In today’s fast-paced world, having access to instant funds during emergencies is crucial. While personal loans are popular, gold loans provide a secure and convenient alternative for obtaining necessary funds. The State Bank of India (SBI), the nation’s largest lender, offers attractive gold loan options with an interest rate of just 7.5%. Customers can easily … Read more
The following information is crucial to remember, as it can help you make informed decisions when purchasing gold jewelry. Indian women have a deep-rooted and strong affinity for gold, making it an integral part of our culture. Gold jewelry is commonly purchased during weddings and auspicious occasions, symbolizing prosperity and tradition. Gold bought in this … Read more
Learn about the tax implications of investing in physical, paper, and digital gold. Discover the tax rates, exemptions, and filing requirements for your gold investments. Are you considering investing in gold? Whether you prefer physical gold coins, paper gold investments, or digital gold assets, it’s essential to understand the tax implications of your investment. Gold … Read more