On 8th July, RAID, a civil society organization has called for the London Bullion Market Association (LBMA) to suspend MMTC-PAMP from the Good Delivery List of gold and silver refiners. In its press release, RAID makes several serious allegations and insinuations against MMTC-PAMP in connection with a recent independent assessment by Synergy Global Consulting (Synergy)* of operations at the North Mara Gold Mine (NMGM) in Tanzania. Read More
Raksha Bandhan celebrates the bond of love, trust and support between siblings. A sister ties a Rakhi on her brother’s wrist and wishes for his happiness and well-being. The brother, in turn, promises to stand by her and support her through life.
Families gift it to celebrate milestones. Parents pass it on to their children. Jewellery is redesigned to suit changing tastes. Old ornaments are exchanged for new ones. Coins and bars become long-term savings. Every generation finds a different purpose for the same precious metal.
Selling gold may be a practical option when you need permanent access to funds and do not plan to keep the asset. Once the transaction is complete, ownership is transferred and there are no future repayment obligations. Here are some situations where selling gold make sense: