The Popularity Of Gold Loans In India


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The Probabilities Of A Fall In Gold Price


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Gold prices are unlikely to fall sharply in the near future . The RBI working group,headed by KUB Rao, calculated the probability of a gold price decline in four baskets (6-months, 3-months, 2-months and on a 1 month basis). Its analysis of the past data shows that there is no probability of a drop in gold prices of more than 40% and even the possibility of 30% dip or more in prices is rare in all the four baskets.

Jewellery From Recycled Silver


wealthymattersMelting down old jewellery,utensils and coins to fashion new jewellery is old hat in India.Local craftsmen do this routinely as their customers periodically refashion their jewellery.

But in the last few years,the higher bullion prices have made melting old zari,a profitable source of recycled precious metals.Hence the increasing popularity of buying old silk saris these days.‘Zari’,for the uninitiated, is silk thread, twisted with a thin silver wire and then gilded with gold.It is interleaved with the silk weave to create the designs or motifs on sarees like the Kancheevaram.

As an aside, in case you are thinking of buying/selling zari items here is  some useful information :By custom, 1 Kg of zari would have approximately 500 gms of pure silver, around 5-51/2 Gms of gold.The cost of the saree depends on the purity of the zari. But now a days the quantity of pure metal used is less – only 420 to 470 grams of silver and 3 to 3.5 grams of gold.And if you go for the gold standard in hand loom silks, as per the Geographical Indication (GI) label, a Kancheevaram saree should have 57% silver and 0.6% gold in the Zari. The Tamil Nadu State government has relaxed this ruling to 40% silver and 0.5% gold,to protect weavers in the face of the increased price of bullion.So good luck haggling for the recyclable metal. Read more of this post

The Real Rate Of Interest On Deposits


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Small wonder that gold prices shot up and gold  investment became popular between 2008-2011,huh?Ditto for real estate.

More About Bullion India


wealthymatters.comThis post is a follow up to the exceedingly popular one here:Link .I hope the information here answers a great many questions in reader’s minds.

1.The G-units can be redeemed in 1 gm, 5 gm and 10 gm bars and S-units in 10 gm, 20 gm, 50 gm and 100 gm ones.

2.They deliver all over India and the charges are the same for all locations.So the more remote your location,the greater your advantage.The details of delivery charges are as follows: Read more of this post