Gold has been considered a very precious metal not just for its financial value but also for its cultural and symbolic significance. Moreover, if you talk about India, buying gold is related to prosperity, wealth, as well as good fortune.
Gold Jewellery making charges are fees jewelers impose for the labor and skill of crafting gold jewelry. That means when you buy a piece of gold jewelry, you're not just paying for the raw Gold but also for the craftsmanship that goes into creating the final product.
If you have invested in e-gold through NSEL (National Spot Exchange Ltd), then there is a procedure to convert those units into physical gold like gold coin or bars and take delivery of the same. The e-gold units held in demat form need to be transferred to the designated beneficiary account of NSEL.
If you are contemplating whether it is safe to deposit gold in bank lockers, the answer is yes. With a transparent fee structure, keeping your gold in the bank is not expensive. So, find a gold locker in your nearest bank today!
The gold rate today might rise or decline from what it was last week. Gold buyers and sellers closely monitor these price fluctuations to enjoy the best rates.
The existence of gold loan companies has enabled borrowers to mortgage gold and receive funds against it. Several Indians search for “gold loan near me” to receive funds for urgent financial requirements. But not everyone knows the procedure to apply for a gold loan. Jump into this article to understand how to apply for a gold loan and learn its pros and cons.
The prosperity and luck associated with the gold make it extremely popular among Indian investors. Apart from gold jewellery, Indians are also quite inclined toward hoarding gold coins. But is investing in gold coins a prudent choice? Scroll through this article to explore the different benefits of hoarding gold coins.
In India, the interest rate for gold loans is influenced by the market value of gold. The value of the gold items you pledge as collateral will also be high, when the market price of gold is high.
A gold loan will always be among the most popular methods of borrowing because of its quick loan approval, few paperwork requirements, flexible repayment choices, and other advantages. Before selecting a loan type, borrowers should examine interest rates and duration alternatives using a gold loan repayment calculator.
In accordance with the RBI circular on gold loan LTV, the RBI has eased the lending norms for gold loans by increasing the permitted maximum Loan-to-Value ratio from 75% to 90%.
Gold ownership or investment is common among Indian households. However, many prefer not to keep it at home to mitigate the theft risk due to its significant value. Home security measures may not be sufficient for safeguarding physical gold, making utilizing bank lockers prudent.
Capital Gains Tax is a kind of tax typically levied on the gain or profit received from the disposal or sale of certain assets, commonly referred to as capital assets. This can include several types of investment, including bonds, stocks, real estate, as well as other valuable commodities like gold.
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