How many people invest in digital gold?

New Delhi, May 5-Amidst the rising price of gold, interest in buying digital gold is increasing and 15 million Indians have joined digital gold investment in the last six months.

Digital gold investment

People are interested in buying digital gold

Investing in gold in the form of gold funds or digital gold is considered a good way. There are many types of gold funds in mutual funds. Meanwhile, digital gold investment is also becoming popular. Various apps offer this opportunity.

In digital gold, gold equivalent to the amount purchased is safely stored. It can be purchased at a very low price and can be increased over time. It can also be easily transacted.

With the price of gold on the rise, Indians are showing interest in digital gold investment, according to Safe gold, a company that provides infrastructure for digital gold apps.

It has been revealed that most investors invest in small amounts continuously for three or four years and then convert it into jewelry.

Gold Bond Investment 221% Profit

In 2017, investment in gold bonds has now yielded a profit of 221 percent.

The Reserve Bank of India has announced the final price of the gold bond issued in the first phase in the financial year 2017-18, after it is about to mature.

While one gram of gold was priced at Rs 2,951 when it was issued, it has been announced that it will now be priced at Rs 9,486.

This is 221 percent more than the price on the day of issuance. Apart from this, an interest of 2.50 percent has also been paid half-yearly in these eight years.

To reduce the price of gold, the central government introduced the gold bond scheme in 2015.

Under this scheme, one gram of gold was issued in the form of a bond as one unit. Its price was fixed according to the price of 24 carat gold.

In this situation, the Reserve Bank has said that the gold bond issued on May 12, 2017, which matures on May 12, can be redeemed on May 9 itself, the Reserve Bank said.

It has been informed that Rs 9,486 will be paid per gram.

This price has been determined based on the average price of 24-carat gold on May 28, 29 and May 2 last month.

Comments

Today gold price April 2025

Today gold rate status in tamilnadu, 22 carat gold is a type of gold alloy that is 91.67% pure gold. The remaining 8.33% is made up of other metals, such as copper, silver, or zinc. This makes 22 carat gold more durable than 24 carat gold, which is 99.99% pure gold. 22 carat gold is also more affordable than 24 carat gold. Today's Gold Silver price Updated on 05th April 2025 What is the rate of 1 gram gold in Tamil Nadu Today gold silver price 22/24 carat 22ct 1 gm ₹8,310/110⬇️ 24ct 10 gm ₹91,600/1400⏬ 1 gm silver103,00/R5⬇️ 1kg Bar silver ₹90,700 /5300 ⏬ Trading gold silver market live USDINR Rates by TradingView GOLD Quotes by TradingView SILVER Quotes by TradingView The purity of gold is measured in carats, with 24 c...

This gold price is not permanent.

This gold price is not permanent, but when people think of a problem in the country, they buy gold first. It is good to buy as much as needed, but buying too much is foolish. When there is a famine, the things they buy are food, clothing, and money. If we don't have money, it is difficult to sell gold for urgent needs. Gold price Gold market crash history Will there ever be a situation where gold , which has been rising very, very rapidly in a short period of time, will become a commodity? Studies on gold say that it may come. If we look at the price of gold over the past 50 years, rather than just 10 or 20 years, it seems that what you are saying has happened. That is, in September 1980, the price of 1 ounce of gold touched $666. 19 years later, in September 1999, the same 1 ounce of gold was sold for $255. A 62 percent decline. An ounce did not touch $666 again until 2007. That is, 27 years later. Next, in 2012, 1 ounce of gold touched $1,772. But, in just three ye...

FADF monitors the Indian jewelery industry

FATF says India's jewelery industry needs to be monitored, Risks being used to finance terrorism NEW DELHI, France-based financial watchdog FATF has warned that high-volume transactions in India's gems and jewelery sector are likely to be used as tools for money laundering and terrorist financing. In this regard, the organization's statement said As the trade in navarat gems and gold jewelery has grown in India, there is a risk of their smuggling and black money transactions also increasing. Removal of ban on gold loan to IIFL Mumbai, 'I.I.F. RBI has removed restrictions imposed on the gold loan business of L. Finance, the company said. I.I. F. RBI had imposed restrictions on the gold loan business of L. Finance Company on March 4. They have now been withdrawn, the company said in the stock exchange. Through this, the company has been allowed to engage in gold loan business again. monitoring In this sector, there are about 1.75 lakh distrib...

22k jewelers

Search This Blog