Gold has always been a coveted asset, valued for its intrinsic beauty and perceived stability. Traditionally, owning physical gold in the form of jewellery or coins has been the preferred choice for individuals looking to invest in this precious metal. However, with the advent of technology, digital gold has emerged as an alternative investment option. In this article, we will explore whether digital gold is cheaper compared to gold jewellery, gold coins, and gold ETFs. Additionally, we will examine the price of gold in rupees to provide a comprehensive comparison. Digital Gold: Digital gold r ..read more

In recent years, the world of digital finance has witnessed a surge in the popularity of cryptocurrencies. Bitcoin, the first and most well-known cryptocurrency, paved the way for a new era of decentralized digital currencies. Alongside Bitcoin, several other cryptocurrencies have emerged, each with its unique features and purposes. Among these is the concept of “digital gold.” While digital gold shares some similarities with cryptocurrencies, it is important to understand whether it falls under the same category. In this blog post, we will explore the characteristics of digital gold and deter ..read more

Authored by Shivank Goswami While investing in digital gold is a relatively simple process, new investors may encounter some obstacles early on in their digital gold investment journey. This article aims to address this issue by explaining all the fundamental concepts related to digital gold investments. Dictionary Averaging Averaging is the process of buying Digital Gold/Silver in a staggered manner, irrespective of the rise or fall in prices. This is usually done while deploying a SIP, i.e., Systematic Investment Plan. The main objective of averaging is to purchase Digital Gold/Silver in sm ..read more

Gold, from making a low of $1800 in March 2023, is now above $2000! This is a $200 rally in just 2 months! In this article, we review the various aspects affecting the Gold markets for the coming months. Why is $2000 Important? The precious metal has always retraced back down from the $2000 zone. It all started back in August 2020 when Gold crossed the $2000 mark for the first time. However, the selling back then was way too strong and it completely flushed the buyers out of the market. This made the $2000 dollar mark a strong rejection zone for the buyers. Then later in March 2022, Gold attem ..read more

As a jeweler, it is important to understand the new regulations regarding hallmarking in India. The Indian government has made it mandatory for all gold jewelry sold in India to have a Hallmark Unique Identification (HUID) number. This new system is a step towards ensuring that the jewelry sold in India meets the required quality standards and is free from adulteration.  The Bureau of Indian Standards (BIS) is responsible for implementing the HUID system for gold jewelry in India. According to the BIS, the HUID number is a 6-digit alphanumeric code that is assigned to every piece of jewe ..read more

This article is in continuation to our Youtube series called as, “Technical Wrap-up of the Bullion”  In the first video, we discussed about the Silver technical charts.  In this piece we talk about the Gold Charts.  The Overview of the Charts  In general, if we look carefully both, the Gold and Silver charts moved in tandem for most of the year. Both the assets traded with a negative bias for most of the year. Therefore discussing the same thing again wouldn’t make sense, so if you haven’t gone through our Silver analysis video then we would recommend you through it first ..read more

“I bought Digital Gold worth 5000 but I only got Digital Gold Worth 4850, Why?” “I am buying Digital Gold, so why am I being charged for GST?” As a Digital Gold Investor and Enthusiast, you might have wondered about the chargeability of GST on Gold. Questions like the ones quoted above might have occurred to you as well. In this comprehensive article, we cover various concepts related to GST on Digital Gold. What is GST on Digital Gold? Transactions related to Digital Gold attract 3% of the total value of the transactions. This means that if you buy Digital Gold worth 5000 then you would b ..read more

Yes, you read that right! Its rate cuts!! Even though the Fed is at an all out war with this “transitory inflation” as they call it. But in this article, instead of focusing on rate hikes we will focus on federal rate cuts and will try to understand their relation with gold. FOMC (Federal Open Market Committee) meeting days are always interesting to track. Since the volumes and the volatility are higher on these days, traders get the momentum on both ends. But does all this interest rate volatility impact the gold prices? Well, To understand this interesting relationship we first need to under ..read more

“Selling pressure on the higher ends! Higher Low theory negated, Double Bottom now on the cards for Gold.” The Bullions started the month of August with a very strong bullish bias, with Gold being up by about 5% and Silver being up by almost 10-13% in the previous month, everyone expected this momentum too continue. However, both the yellow metal and Silver failed to keep up with the traders expectations. Gold Monthly Synopsis Starting on a positive bias, Gold tried to breach its breakdown point of $1840. But the selling pressure was way too strong. On 10 Aug a shooting star candle was formed ..read more

“We don’t have the time to look out for gifts, let’s just gift some Gold!” – Family/Relatives This is one of the phrases which we often hear in Indian families during the festival seasons. If you look at the domestic demand data in general the domestic demand for Gold pumps during the festival season. So, technically the “Law of Economics” should factor in. But to be sure of it we would have to analyse the data a bit. By analysing domestic demand data and domestic prices we will be able to make conclusions on our question i.e. “Do festivals really have an impact on the domestic gold prices ..read more