A public sector bank should be your first priority as interest rates are lowest compared to private banks and non-banking financial companies (NBFCs). For instance, public sector banks such as the State Bank of India and Canara Bank charge 7.50 per cent and 7.65 per cent interest, respectively, per annum on gold loan. Private banks charge interest rates in the range of 9.90-11.5 per cent a year and NBFCs such as Manappuram Finance, Muthoot finance charge 12 per cent interest annually. … [Read more...] about What are the charges for gold loans, how is the value of ornaments calculated, which lenders are the best and other key questions answered
100 dollar australian gold coin
Physical gold: Buying jewellery and gold coins is still one of the most popular modes of investing in gold. But holding gold in physical forms comes with two main disadvantages. Apart from the additional cost incurred for safekeeping, buying physical gold also comes with purity-related concerns. Additionally, one may also face challenges in accessing physical gold stored in bank lockers or selling it during a political turmoil or natural disaster. … [Read more...] about What’s the best way to invest in gold now?
Gold price today: Yellow metal falls, but holds above Rs 51,100; support at Rs 50,800 Gold price today: Yellow metal slips below Rs 51,000; support seen at Rs 50,600 levels Gold price today: Yellow metal gains marginally, support placed at Rs 50,000 per 10 gm … [Read more...] about Gold price today: Yellow metal rises; likely to trade in a range of 47,700-48,500
Comex gold traded moderately lower near $1805/oz after a rally to fresh 2011 highs on July 7, recovery in the US dollar index was weighing on gold prices. However, supporting the price is the increasing concern about virus risks, downbeat growth outlook, choppiness in global equity markets, and ETF inflows. … [Read more...] about Gold price today: Yellow metal retreat from highs; buy on dips for a target of Rs 49,000
Gold steadied near a one-week high on Thursday as the dollar weakened, but the yellow metal traded in a narrow $8 range as investors held back from making large bets ahead of the European Central Bank's monetary policy decision due later in the day. … [Read more...] about Gold at one-week high as weak dollar supports; ECB meet in focus