Category: Gold Rate

Punjab National Bank is one of the public sector banks that offers Revamped-Gold Deposit Scheme to its customers. The scheme is a part of Gold Monetisation Scheme (GMS), which in nature is a term deposit in gold. The scheme was introduced in the year 2015 by the government with an aim to mobilize gold and...

In the year 2015, the government introduced the Gold Monetisation Scheme (GMS) in an effort to mobilize gold and make it to productive use. In the long run, this practice might even reduce the nation’s reliance on gold imports, thus, saving a lot of capital. GMS includes the revamped versions of two old gold schemes,...

In 1999, the government had launched the Gold Deposit Scheme (GDS), which at that time could not gain much success. But a few years later in the year 2015, the scheme was reintroduced as Revamped Gold Deposit Scheme (R-GDS) along with another gold scheme, Gold Metal Loan Scheme, under the Gold Monetisation Scheme (GMS). The...

Indians love gold and for a long time, they have been investing in this yellow metal mostly in the form of gold jewellery and gold coins. Be it a festival or any other auspicious occasion, this glittering metal is always a part of celebrations. As per some reports, Indian households and institutions (such as temple...

The Government of India offers a fixed deposit scheme in gold under the Gold Monetisation Scheme known as Revamped Gold Deposit Scheme (R-GDS). The scheme offers customers an opportunity to deposit their idle gold and earn interest on it. Another best part of the scheme is that all resident Indians are eligible to apply for...

Most Indians don’t invest in gold. However, irrespective of the gold rate in the market, they buy gold ornaments every year for consumption as for many centuries it has been an important part of their traditions and customs. It is also one of the reasons why they prefer keeping gold ornaments in the confines of...

Paisabazaar.com in association with SafeGold has recently launched Digital Gold, a transparent and convenient way to save in 24K gold online. Digital Gold is dematerialized form of physical gold and is backed by actual gold, which is stored in an insured vault. Once you collect enough gold in your digital account, you can anytime either...

In India, Dhanteras is one of the most auspicious days of the year. It is believed that whatever you buy on this day will reap benefits throughout the year. And therefore, people on this day buy precious metals such as gold and silver. During this period, the rise in demand for the yellow metal leads...

The significance of Karwa Chauth can be understood with the fact that on this day women not only fast the entire day but also pray for the well-being of their partner. While this is their way of letting their husbands know how important they are to them, husbands must also do their bit to express...