At MCX, gold settled around Rs 48200 and Silver settled around Rs 49,750 levels in the previous session. “We expect both the precious metals remain volatile due to volatility in global financial markets and further weakness in dollar index will support both the precious metals,” Manoj Jain, Director (Head - Commodity & Currency Research) at Prithvi Finmart Pvt Ltd told Moneycontrol. … [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
Yes, you need to carry your gold ornaments to the lender when you apply for a gold loan. To make things easier in these pandemic though, some of the lenders send a company executive to your place, for carrying out the due diligence. You can apply for a gold loan online from the lending bank’s website. … [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
Sovereign gold bonds (SGB): SGB is issued by the RBI in tranches through scheduled commercial banks, recognised stock exchanges, designated post offices, etc. The minimum and maximum investment allowed to each individual investor per financial year is 1 gram and 4 kg, respectively. In addition to the potential of capital appreciation, SGB investors also benefit in the form of interest of 2.50 per cent annually payable in half yearly rests. While the interest income is taxable as per the tax slab of the investor, any capital gains resulting from the redemption of SGB is tax-exempt. Indexation benefits are applicable on long term capital gains arising out of transfer of bonds to other individuals. Another major advantage of SGB is the ability to use it as a collateral for availing bank loans. … [Read more...] about What’s the best way to invest in gold now?
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