Hallmarking has now become mandatory. However, you should still identify its purity as most of us buy gold jewellry from local jewellers
There is a third option where only the customer pays only the interest at the end of the year and renews the loan for another year
Gold and silver prices: Gold prices traded marginally down with spot gold prices at COMEX trading at USD 1,778 per ounce
In New Delhi, price of 24-carat gold fell by Rs 1,500 to Rs 50,300 from Rs 51,800 per 10 gm while in Kolkata. it decreased by Rs 1,300 to Rs 47,800
Though higher reserves help in cushioning domestic economy from external shocks, we must be mindful of the opportunity costs associated with them
Typically one should have around 5-10 percent of total investments in gold. It is better not to overexpose oneself to gold
"Prices are also correcting in physical market as there is no demand. We are advising people to wait for lower levels to buy," said Anuj Gupta, IIFL
"Everybody must own some gold and silver as insurance if nothing else," said Jim Rogers told Money9
Jim Rogers shares these strategies for investors in an exclusive conversation with Money9
Gold prices may remain under pressure but higher inflation will protect the downside, say experts