{"id":617,"date":"2019-09-09T13:53:39","date_gmt":"2019-09-09T13:53:39","guid":{"rendered":"https:\/\/www.finsafe.in\/financial-wellness\/?page_id=617"},"modified":"2021-11-03T10:54:45","modified_gmt":"2021-11-03T05:24:45","slug":"gold-about","status":"publish","type":"page","link":"https:\/\/www.finsafe.in\/financial-wellness\/gold-2\/gold-about\/","title":{"rendered":"Gold"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"617\" class=\"elementor elementor-617\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cc28855 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cc28855\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-0af2893\" data-id=\"0af2893\" data-element_type=\"column\" id=\"headings-faq\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1af85df elementor-widget elementor-widget-heading\" data-id=\"1af85df\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">About<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-664b0b8 elementor-widget elementor-widget-text-editor\" data-id=\"664b0b8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>There are three methods to Invest in Gold. They are:<\/p><p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-1049 size-full\" src=\"http:\/\/blackbro.in\/wp-content\/uploads\/2019\/09\/gold.jpg\" alt=\"\" width=\"524\" height=\"346\" srcset=\"https:\/\/www.finsafe.in\/financial-wellness\/wp-content\/uploads\/2019\/09\/gold.jpg 524w, https:\/\/www.finsafe.in\/financial-wellness\/wp-content\/uploads\/2019\/09\/gold-300x198.jpg 300w\" sizes=\"(max-width: 524px) 100vw, 524px\" \/><\/p><p><b>Sovereign Gold Scheme:<\/b><\/p><ul><li>Issued by RBI on behalf of government of India<\/li><li>Sovereign guarantee<\/li><li>It is a substitute for holding physical gold<\/li><li>Minimum investment is 1gm and maximum is 4 KG<\/li><li>Investments &amp; redemptions cannot be in the form of gold.<\/li><li>SGB have a interest rate of 2.5% p.a. payable semi annually.<\/li><li>Tenure of the bond is 8 years<\/li><li>Premature redemption is allowed from 5 th year and on the exchange<\/li><li>The redemption price on maturity is based on the average of closing price of gold (of 999 purity) for 3 days prioir to maturity.<\/li><li>Interest is taxable and there is no TDS applicable. There is no tax payable on capital gains received from maturity of the bond.<\/li><\/ul>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7088ec0 elementor-widget elementor-widget-text-editor\" data-id=\"7088ec0\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><b>Gold Jewelry &amp; Coins<\/b><\/p><p>It can be bought in the form of jewelry, coins or bars from the merchant and from a bank.\u00a0<\/p><ul><li>Gold jewelry cannot be considered as an investment due to the high overheads like making charges, wastage, etc.<\/li><li>One could take a loan against gold jewelry at the bank.<\/li><li>Overhead charges are higher when you sell the jewelry for cash. First, buyers melt the gold down. They do not pay for the style of the jewelry. Then, dealers must pay to melt the gold up to 30 percent of the value, to refine the precious metal. In the end, it is a buyer\u2019s profit.<\/li><li>With physical gold one has to be worried about security, storage and purity of the gold<\/li><\/ul>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f2b05cb elementor-widget elementor-widget-text-editor\" data-id=\"f2b05cb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><b>Gold ETF<\/b><\/p><p>The ideal form of investing in gold would be participating in the Gold Exchange Traded Fund (ETF).<\/p><ul><li>A long term capital gain on Gold ETF is 1 year.<\/li><li>Gold ETF (Exchange Traded Fund) is kept in a Demat form, and one need not worry about theft \/ loss.<\/li><li>Gold ETF tracks the price of the gold. Gold ETF is managed by the Mutual Fund and traded on NSE.<\/li><li>Gold ETF can be sold back in NSE (Exchange).<\/li><li>Purity levels of the gold are high as it is held in a Demat form.<\/li><li>Gold ETF can be liquidated at any given point of time.<\/li><li>In gold ETFs, investors track NAVs, which keep changing with gold prices. In e-gold, investors directly track the price of gold.<\/li><\/ul>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-6fcab6f\" data-id=\"6fcab6f\" data-element_type=\"column\" id=\"fixed-side\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3216a73 elementor-widget elementor-widget-heading\" data-id=\"3216a73\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Index<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-016b15e elementor-widget elementor-widget-text-editor\" data-id=\"016b15e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"\/financial-wellness\/gold-2\/gold-about\/\"><strong>About<\/strong><\/a><\/p><p><a href=\"\/financial-wellness\/gold-2\/gold-faqs\/\"><strong>FAQs<\/strong><\/a><\/p><p><a href=\"\/financial-wellness\/gold-2\/gold-videos\/\"><strong>Articles<\/strong><\/a><\/p><p><a href=\"\/financial-wellness\/gold-2\/gold-videos\/\"><strong>Videos<\/strong><\/a><\/p><p><a href=\"https:\/\/www.finsafe.in\/financial-wellness\/gold-2\/gold-calculators-finguide\/\"><strong>Calculators <\/strong><\/a><\/p><p><a href=\"https:\/\/www.finsafe.in\/financial-wellness\/gold-2\/gold-calculators-finguide\/\"><strong>Finguide<\/strong><\/a><\/p><p><a href=\"\/financial-wellness\/gold-2\/gold-videos\/\"><strong>Post<\/strong><\/a><\/p><p><a href=\"\/financial-wellness\/gold-2\/gold-glossary\/\"><strong> Glossary<\/strong><\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-82d8e13 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"82d8e13\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-725ed92\" data-id=\"725ed92\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f769080 elementor-widget elementor-widget-text-editor\" data-id=\"f769080\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p style=\"color: #2db1a6; font-size: 17px; font-weight: 600;\">The articles are from various news publications &amp; some of the articles may need a subscription.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-332b840 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"332b840\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4a16510\" data-id=\"4a16510\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-93f9e5d elementor-widget elementor-widget-text-editor\" data-id=\"93f9e5d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p style=\"font-size: 12px;\"><b>Disclaimer :<\/b> The purpose of the Training Materials and the resources is to encourage you to plan for \u00a0investments based on \u00a0goals and is solely meant for education purposes. There is no guarantee that \u00a0goals will be achieved. The workforce are advised to consult their investment \/ financial advisor, prior to taking any investment decisions. While, every care has been taken in preparing the Training Materials and the Documentation to ensure accuracy at the time of publication and creation, however, FINSAFE India Private Ltd assumes no responsibility for any errors, which despite all precautions may be found herein. Finsafe India Private Limited shall not be liable under, or in connection with:<\/p>\n\n<ul style=\"padding-left: 131px; font-size: 12px;\">\n \t<li>loss of income;<\/li>\n \t<li>loss of business profits or contracts;<\/li>\n \t<li>business interruption;<\/li>\n \t<li>loss of the use of money or anticipated savings<\/li>\n \t<li>loss of information<\/li>\n \t<li>loss of opportunity, goodwill or reputation;<\/li>\n \t<li>loss of, damage to or corruption of data; or\nany indirect or consequential loss or damage of any kind howsoever arising and whether caused<\/li>\n<\/ul>\n<p style=\"font-size: 12px;\">All intellectual property rights in the Training Materials and the resources (whether registered or not) anywhere in the world belong to Finsafe India Private Limited.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>About There are three methods to Invest in Gold. They are: Sovereign Gold Scheme: Issued by RBI on behalf of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":504,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.finsafe.in\/financial-wellness\/wp-json\/wp\/v2\/pages\/617"}],"collection":[{"href":"https:\/\/www.finsafe.in\/financial-wellness\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.finsafe.in\/financial-wellness\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.finsafe.in\/financial-wellness\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finsafe.in\/financial-wellness\/wp-json\/wp\/v2\/comments?post=617"}],"version-history":[{"count":14,"href":"https:\/\/www.finsafe.in\/financial-wellness\/wp-json\/wp\/v2\/pages\/617\/revisions"}],"predecessor-version":[{"id":5355,"href":"https:\/\/www.finsafe.in\/financial-wellness\/wp-json\/wp\/v2\/pages\/617\/revisions\/5355"}],"up":[{"embeddable":true,"href":"https:\/\/www.finsafe.in\/financial-wellness\/wp-json\/wp\/v2\/pages\/504"}],"wp:attachment":[{"href":"https:\/\/www.finsafe.in\/financial-wellness\/wp-json\/wp\/v2\/media?parent=617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}