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What are the documents required for the process and what is the duration of the process
admin admin
Sep 25, 2022 8:54 AM
Web Content Article
null {} null What are the documents required for the process and what is the duration of the process? It’s a 60-minute verification process and is displayed in real-time on CCTV. Your PAN Card,...
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What is the minimum quantity of gold that is accepted under the buyback process
admin admin
Sep 25, 2022 8:49 AM
Web Content Article
null {} null What is the minimum quantity of gold that is accepted under the buyback process? What are the charges? Minimum quantity of gold to be tested is 10 grams. The charges will be dependent...
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What is gold resale value?
akshith kapoor
Sep 22, 2022 10:14 AM
Web Content Article
null {} null What is gold resale value? Many people may not be aware that gold is sold at a set resale value and not the original or the current value. The resale value is subject to parameters...
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What is the best way to sell gold?
akshith kapoor
Sep 22, 2022 10:10 AM
Web Content Article
null {} null What is the best way to sell gold? The best way to sell gold is by opting for the right provider. For instance, MMTC-PAMP is an accredited and trusted buyer of gold, and the Buyback...
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How do you sell gold for cash in India?
akshith kapoor
Sep 22, 2022 9:59 AM
Web Content Article
null {} null How do you sell gold for cash in India? Indian households collectively hold 25,000 tons of gold amounting to Rs 110 lakh crores. Most people turn to liquidating gold for cash during...
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My digital gold seller has stopped servicing my account. How do I execute a transfer request of my digital gold holdings
admin admin
Sep 23, 2022 11:27 AM
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null {} null My digital gold seller has stopped servicing my account. How do I execute a transfer request of my digital gold holdings? Currently transfer of digital gold has been disabled for...
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My digital gold seller has stopped servicing my account. Where is can see my current holding
admin admin
Sep 23, 2022 11:26 AM
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null {} null My digital gold seller has stopped servicing my account. Where is can see my current holding? You can refer to your holding statement shared on email, or call our customer care to know...
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My digital gold seller has stopped servicing my account. Can I still continue to sell digital gold partially
admin admin
Sep 23, 2022 11:25 AM
Web Content Article
null {} null My digital gold seller has stopped servicing my account. Can I still continue to sell digital gold partially? Yes, you can sell partially. The residual balance shall be kept safely by...
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.
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