Posts

What should you do if your jeweller offers you digital gold, instead of jewellery?

Image
  What should you do if your jeweller offers you digital gold, instead of jewellery? Apart from gold accumulation plans, jewellers offer self-funded digital gold options that may not be backed by refiners   KHYATI DHARAMSI   OCTOBER 08, 2022  / 09:55 AM IST Representative image This festive season, don’t be shocked if your good old jeweller offers you an app link to purchase digital gold instead of gold coins. So far, only government-accredited gold refiners such as MMTC-Pamp, Augmont and SafeGold offered  digital gold  through tie-ups with financial service providers and jewellery brands. Now, some jewellers have launched their own versions of digital gold, where third-party checks and balances of a custodian – who ensures the equivalent gold is stored in vaults after a customer’s digital purchase – might be missing. “Digital gold currently is being offered through third-party tie-ups. But since we have a good net worth, we are offering our own digital gol...

Gold dips as dollar firms; focus on Fed cues; Spot gold hits $1,744.83 per ounce

Image
  Gold dips as dollar firms; focus on Fed cues; Spot gold hits $1,744.83 per ounce Spot gold fell 0.3% to $1,744.83 per ounce by 06:50 GMT. US gold futures GCv1 shed 0.5% to $1,746.20. Bullion fell 1.2% last week, its worst since the one ending Oct. 14, despite scaling a peak since mid-August on Nov. 15. Cash your jewelry is the best option for Cash on gold  in India .   We have a group of skilled craftspeople that have worked in the billion-dollar sector for many years. They will assay your valuables using approved techniques and offer you Cash Against Gold In Noida, a bargain that will make you happy. Therefore, whenever you intend to sell your priceless jewelry for cash, we will always support you with the best information to give you instant cash for jewelry in exchange for your priceless metals. With no major economic news to drive sentiment in Asia, "traders are tentatively bullish on the dollar following hawkish comments from the US Federal Reserve members last wee...

India's gold market series is the structure of the jewellery industry.

Image
 India's gold market series is the structure of the jewellery industry. Although small independent retailers still dominate the landscape, the market share of chain stores (national and regional) has increased steadily during the last decade.  In contrast to the retail jewellery trade, changes at the manufacturing level have been much slower. While manufacturers are becoming more organised, driven by growing demand from chain stores and tighter regulatory requirements (such as pollution licences), artisans still dominate Indian gold jewellery fabrication.  The jewellery manufacturing landscape in India  India’s manufacturing industry remains fragmented and unorganised. Only 15-20% of units operate as organised and large-scale facilities; this was less than 10% some five years ago. 55% of manufactured jewellery is handmade by karigars (artisans) who produce intricate pieces, thus sustaining the unique selling point for which Indian gold jewellery is renowned in the gl...

Get Cash For Your Gold | Highest Paying Buyer In Delhi NCR

Image
  Get Cash For Your Gold | Highest Paying Buyer In Delhi NCR In India, gold is purchased during every occasion or festival and the demand for this precious metal is high during wedding seasons. Jewellery accounts for more than half of India's gold market. This makes gold a good investment option given its steady price climb over the past few years. India has a history of pledging gold for children's education, marriage, and satisfying emergency necessities or unavoidable circumstances. The purity of gold is measured in karat. 24 karat gold is 100% pure gold, whereas 18 karat gold is 75% pure gold. 14 Karat gold is composed of 58% pure gold and 10 Karat gold contains 42% pure gold. Top 5 Companies that Purchase Gold for Cash Here are the top 5 companies that pay you instant cash for gold: Muthoot Gold Point: Muthoot Gold Point is a division of Muthoot Exim that provides a simple way to sell your old gold and avail of cash instantly. The entire procedure is carried out in front o...