Budget 2015 first proposed Sovereign Gold Bond Scheme – an investment scheme where investors could buy gold in the form of Gold Bonds from Government of India. We Indians love Gold and the idea is to give an alternative to investors who invest in Physical Gold. Sovereign Gold Bond Scheme – Salient Features The bonds would be […]
Gold Deposit Scheme was first announced by Arun Jaitely in his Budget 2015 speech. The broad idea is to encourage everyone to deposit there idle gold in banks, which in turn can be loaned to jewelers or used for other useful purpose. This would be win-win for all the participants as the depositor would be
In 2011/2012 a lot of Gold jewelry companies/shops had launched Gold Saving Scheme – an innovative way to sell jewelry which had become unaffordable due to sharp increase in Gold Prices. The broad scheme structure was the customer needed to pay for 11 installments and the company paid the last installment. The entire money could then
The festive and wedding season is on and most of us would be rushing in to jewellers to buy Gold/ Silver Jewellery. Here are the five signs engrossed on the jewellery which proves golds’ purity: BIS Standard Mark: BIS means Bureau of Indian Standards. Licence is granted to the jewellers by BIS under Hallmarking Scheme. The
The love for Gold by Indians is a known fact and has been passed from generation to generation. India constitutes one fourth of the world’s gold demand and around 10% of Indian household saving in 2011-12 was invested in Gold. Morgan Stanley conducted a survey on Why did we Indians buy gold in last 12
