Some banks charge processing fees of up to 1.5 per cent plus GST on the loan amount, which you need to pay before the loan amount is disbursed. Banks also charge valuation fees over and above processing charges. For instance, HDFC bank charges a valuation fee (a fee charged for the efforts the bank takes to value your gold) of Rs 250 for a loan of up to Rs 1.5 lakh and Rs 500 for loans over and above Rs 1.5 lakh. … [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
Given the negative correlation between gold and equities, retail investors should maintain gold exposure of at least 5-10 per cent in their investment portfolio. Hence, those without adequate gold exposure should consider starting investments in gold, preferably through gold funds, in a staggered manner. If gold prices witness a steep correction in the future, investors can implement their asset allocation strategy to make lump-sum investments in gold. This will average their investment cost and also set their asset-mix right. … [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
The dollar jumped to a near one-month high, as the pound dropped to a six-week low on renewed worries about Brexit and as risk appetite waned. A stronger greenback makes gold more expensive for holders of other currencies. … [Read more...] about Gold flat as dollar strength counters safe-haven demand
"Gold has become the go-to asset for investors in times of uncertainty. It has been on a ride with absolute returns of 40 percent year-to-date. Low yields in the US treasuries, low-interest rates and massive amount of liquidity pushed by major central banks across the globe has resulted in euphoria for the yellow metal," Prathamesh Mallya, AVP- Research, Non-Agri Commodities and Currencies at Angel Broking said. … [Read more...] about Increase in LTV ratio negative for gold loan financing firms, but good for banks: Experts