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Gold reaches 1 year peak
Posted on: 06/Sep/2017 4:11:10 PM
In the past 1 year, gold rate has seen its peak on Monday with the reasons being increased geo-political tension induced by nuclear tests in North Korea. Further, the domestic bullion market saw a hike of Rs 200 and reached Rs 30,600 in the international market.
In case, if these political tensions keep continuing, it is likely that gold rates will go up furthermore. And pertaining to Indian market, there will be increased demand due to the imminent festive season.
If you have plans to buy gold for your own use or investment purpose, here are some options for you:
Jewellers
This is among the oldest methods of purchasing gold. While buying from a jeweler, make sure to check all the 5 hallmarking signs present on jewelry. While buying coins, it should have temper-proof packing. The gold should be purchased only from jeweler who is certified by BIS that stands for Bureau of Indian Standards. There are 13,700 BIS-hallmarked jewelry showrooms present across India.
Paytm
This is the latest trend in buying gold. Paytm has joined hands with MMTC-PAMP – a gold refiner. They deal with purchase and sale in the gold accumulation plan via Paytm mobile app. Right from as low as Re 1, one can start buying gold of as low as 0.1 gm by logging into the user account or app. For buying gold through Paytm, the payment can be done through debit card, credit card or internet banking. MMTC-PAMP has made gold in the form of coins and they come with varied making charges.
Sovereign gold bonds
The government very often announces gold bonds at varied time periods under its sovereign Gold Bond Scheme. These are made available at post offices and commercial banks with least investment of just 1 gm of gold.
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