Today’s Prices

Categories

Category

Recent Posts

India’s Democratizing Precious Metal Investment Landscape

India’s love for precious metals, particularly gold and silver, is well-known, with people consistently scouting for favourable conditions to invest in or purchase gold and silver. These...

The First-timer’s Guide to Digital Gold and What it Means for You

A modern-day investment option, digital gold is bought online and stored in insured vaults of the seller on your behalf. This 24 Karat secured investment can be made via multiple mobile payment platforms and internet banking portals from anywhere in the world.

Taking Pride in Highest Purity

Q - Gold has traditionally been considered a safe option to invest in. In the current scenario, has its value in the investment portfolio appreciated or declined? Gold has always...

MMTC-PAMP recognised as India’s Most Trusted Brand at The Brand Story Indian Brand and Leadership Conclave & Awards, 2024

MMTC-PAMP, India's only London Bullion Market Association (LBMA) Good Delivery Gold & Silver refinery has been awarded the ‘Most Trusted Brand of the Nation’ at the The Brand Story Indian...

Bridal Jewellery Trends – What's Hot This Season?

The global pandemic slowed down the wedding business during the first half of last year, but we saw couples rush to tie the knot once the country resumed normalcy towards the year’s end – a time also touted to be the wedding season. Given the current state of the country, we may once again see the pattern repeat in 2021.

Why it is Important for Entrepreneurs to Invest in a safe asset like Digital Gold

Every Indian entrepreneur has, at least once, faced the question ‘Are you sure about this?’ from a concerned elderly family member. Trading cushy salaried jobs to follow the entrepreneurial...

2,223 Results for
  • Is there a restriction on the amount of gold that can be purchased in a day

    admin admin

    Sep 23, 2022 10:34 AM

    Web Content Article

    null {} null Is there a restriction on the amount of gold that can be purchased in a day? The maximum limit to buy gold in a single day is INR 2 lakhs. The value of a single transaction or...

  • Can I cancel my gold purchase

    admin admin

    Sep 23, 2022 10:35 AM

    Web Content Article

    null {} null Can I cancel my gold purchase? Once MMTC-PAMP has accepted your offer to buy, cancellations or refunds are not allowed. You can however sell your gold back to MMTC-PAMP 72 hours after...

  • What modes of payments are accepted

    admin admin

    Sep 23, 2022 10:36 AM

    Web Content Article

    null {} null What modes of payments are accepted? Customers can make the payment through different digital payment modes like net banking, UPI, debit/credit cards as accepted on the partner...

  • How do I sell the gold I have accumulated

    admin admin

    Sep 23, 2022 10:47 AM

    Web Content Article

    null {} null How do I sell the gold I have accumulated? When the sale back window (open sale back window) is active, you can offer to sell your Gold accumulated on Partner Platform in either Rupees...

  • Why is the ‘sell price’ lower than ‘buy price’

    admin admin

    Sep 23, 2022 10:48 AM

    Web Content Article

    null {} null Why is the ‘sell price’ lower than ‘buy price’? Gold like any other commodity, which is tradable has a buy-sell spread. The spread for Digital Gold buy and sell transactions is due to...

  • How do I redeem my gold

    admin admin

    Sep 23, 2022 10:49 AM

    Web Content Article

    null {} null How do I redeem my gold? You can select the quantity and denomination of the gold you wish to redeem from the available options of coins on the Partner Platform. You can request for...

  • What are making and delivery charges

    admin admin

    Sep 23, 2022 10:51 AM

    Web Content Article

    null {} null What are making and delivery charges? Making charges are the costs of manufacturing/minting Gold into a coin. This includes the cost of packaging the coin in tamper proof Certicards....

  • Can I put in a different address from the one I used at the time for registering for the plan

    admin admin

    Sep 23, 2022 10:52 AM

    Web Content Article

    null {} null Can I put in a different address from the one I used at the time for registering for the plan? Yes. You can enter a different address. However, if this pin code does not fall in our...

  • Is it possible after choosing a product, I get intimation saying the product is out of stock? In such as case, what do I do

    admin admin

    Sep 23, 2022 10:53 AM

    Web Content Article

    null {} null Is it possible after choosing a product, I get intimation saying the product is out of stock? In such as case, what do I do? The charges paid by you at the time of redemption will be...

  • When will I receive the delivery

    admin admin

    Sep 23, 2022 10:54 AM

    Web Content Article

    null {} null When will I receive the delivery? You will be intimated about the expected delivery time, at the time of placing the order. The product will be delivered to you within 14 working days...

  • Is it possible to store my redeemed gold coins and bars in safe custody and have them delivered later

    admin admin

    Sep 23, 2022 10:56 AM

    Web Content Article

    null {} null Is it possible to store my redeemed gold coins and bars in safe custody and have them delivered later? Once you place a redemption request, you have to accept the delivery made to you....

  • What happens in case I receive a different product or damaged goods

    admin admin

    Sep 23, 2022 10:57 AM

    Web Content Article

    null {} null What happens in case I receive a different product or damaged goods? MMTC-PAMP explicitly urges to all its customers to inspect the package for any damage or tamper before receiving or...

  • Who is responsible in case my Gold is not delivered to my address

    admin admin

    Sep 23, 2022 10:58 AM

    Web Content Article

    null {} null Who is responsible in case my Gold is not delivered to my address? MMTC-PAMP will be responsible. Customers need to contact the customer service of Partner Platform for any support....

  • What if my gold balance gets debited but I don’t receive money into my partner platform account

    admin admin

    Sep 23, 2022 10:59 AM

    Web Content Article

    null {} null What if my gold balance gets debited but I don’t receive money into my partner platform account? The partner platform or MMTC-PAMP will retry payment to account shared with your...

  • History of Gold

    akshith kapoor

    Sep 25, 2022 7:36 AM

    Web Content Article

    History of Gold Gold is revered worldwide for its monetary worth and rich history, intertwined with cultures for thousands of years. People have held gold for a variety of reasons over the years....

  • Purity of Gold

    akshith kapoor

    Sep 25, 2022 7:46 AM

    Web Content Article

    Purity of Gold Gold purity is measured in karats. The term "Karat" is distinct from the unit of measurement "Carat," which is used to weigh gemstones. The purity of gold, measured in karats,...

  • Why LBMA is Important

    akshith kapoor

    Sep 25, 2022 7:49 AM

    Web Content Article

    Why LBMA is Important The London Bullion Market Association (LBMA) is the world's independent precious metals authority and standards setter, ensuring that the precious metals market remains...

  • Other Components to keep in mind for Evaluating the Purity of Gold

    akshith kapoor

    Sep 25, 2022 7:52 AM

    Web Content Article

    Other Components to keep in mind for Evaluating the Purity of Gold Measure purity through Karat: Make sure what you desire is what you get and that the gold you are purchasing is genuine. Karat is...

  • What Do the Markings on Gold Tell You About Its Purity?

    akshith kapoor

    Sep 25, 2022 7:56 AM

    Web Content Article

    What Do the Markings on Gold Tell You About Its Purity? The 24-Karat hallmark specifies the number of pieces of gold alloyed on a range of 24. This shows that 24 of all the 24 elements are gold,...

  • Types of Gold & Craftsmanship

    akshith kapoor

    Sep 25, 2022 8:00 AM

    Web Content Article

    Types of Gold & Craftsmanship Gold is also available in a variety of colors- Yellow gold is a natural color of gold that is held together by copper and silver. Copper, nickel, and zinc are mixed...

Back When is the Right Time to Sell Your Gold?

Gold is a long-term portable investment instrument. Indians typically have a lot of gold in the form of jewelry handed down for generations, along with a decent amount of bullions and coins bought solely for investment.

 

Since gold prices aren’t affected by day-to-day external stimuli, the value doesn’t drastically change by a sizeable margin overnight. Additionally, it can instantly be converted into cash as a quick tradable asset, as there’s no downtime to consider while selling gold.

 

So, how does one know the correct time to sell gold? Well, there is no fixed answer for when is a good time to sell gold. But there are a few indicators that will tell you about the
selling gold rate. Keep them in mind when you decide to sell gold.

 

The Current and Speculated Economic Conditions

The current state of the economy can say a lot about what your gold will fetch in return. While counterparty risks associated with paper assets increase during economic turmoil and at the onset of a recession, gold prices either remain fairly stable or, as history indicates, increase. This also creates an influx of people rushing to hold on to safer assets while ditching the high-risk market- and economy-dependent assets. The boost in demand could further bolster gold prices, making it an excellent time to sell gold. 

 

When the Dollar Weakens

The correlation between the Indian rupee and the US dollar significantly affects gold prices. The primary reason for this is that gold is an imported product. Hence, when the dollar weakens in comparison to the rupee, the appreciating rupee value can boost the demand for gold in the country, thereby affecting the current gold prices. A higher reigning price could yield better returns on the original value of your gold. 


When there is Geopolitical Turmoil and other Crises

Gold has proven to perform well during crises. Whether it is the Sino-American trade wars, the current ongoing pandemic, or the great recession, gold prices have shown an uptick during all of these situations. While crises negatively impact other assets, gold appreciates in value. Therefore, crises could be a good time to sell gold due to the higher probability of more returns.


When you need Instant Cash

 

Subjectively speaking, in times of personal emergencies, selling gold could be the quickest way to get funds. Unlike other assets, gold has a high liquidity factor, and gold owners can trade gold for cash almost immediately over the counter. 


Where can you Sell Gold?

 

While it’s important to know the best time to sell gold, it is also essential to know where to sell gold. You should not be robbed of the returns you deserve. Wondering where can I sell gold for cash ? Regardless of whether you’re holding gold in the form of jewelry or coins, MMTC-PAMP is a reliable name. MMTC-PAMP’s Gold Buyback program ensures the actual if not more, return on gold. The program involves a series of multi-layered authentication and purification stages, and the entire process is transparent and clearly documented – the customer can see everything on a live CCTV camera. Once the process, which takes roughly 45-60 minutes, is completed, the customer gets cash instantly transferred to their bank account. 

 

0 Comments