Prevention is Better than Cure

During this #COVID19 pandemic, prevention is better than cure. This #WorldHealthDay, following protective measures like washing your hands, maintaining the social distance and take health Insurance to protect your Family.

Take each other's hands to protect whom we love the most, Health insurance make secure life

We all individuals are assigned this role to serve the greatest purpose of us the strength to keep going but it is the help we get from the people around, So, be a helping hand to others rather than just being the praying lips.

Health insurance premiums chart: which is the best health insurance?

Each mediclaim scheme is tailor-made to cover the medical hazards of the policy holder. Nevertheless, there are some exclusions, which are either cover after a certain time period or not cover at all.

Oriental Health Insurance Critical Illnesses Plans

The policy that presents the only claims settlement course should be chosen. When the claim settlement process is easy, you can simply settle your claims. Financial Position - Once the authenticity of the company establishes, look at the monetary position of the Oriental Health Insurance company.

Is My Car Insured? How To Run A Car Insurance Check

Once you find the right prospect for car insurance premium, order a purchase and protect yourself and all your loved ones safely under the umbrella of the most effective cashless mediclaim policy for a home in India. When you buy health insurance for the entire house, you get tax benefits.

Best list for Investing Platforms in India - 3rd one is impressive!


There are many investing avenues in India that give good returns. With an abundance of options, it is clear that one should not be sure where to invest. To declare a particular investment as 'the best', we need to analyze the need and risk appetite of one. There are investment options that fit an individual's goals and needs.
Indians generally prefer to invest in government-backed instruments as these are considered a safe investment route. Following are some of the most popular investment routes in India:

1. Bank Fixed Deposit (FD):

Bank FDs are considered to be one of the safest investment options in India as there is no example of bank defaulting on FDs. Bank FDs offer a way higher rate of interest than a daily savings checking account.Investments in 5-year tax-saving FDs fall under Section 80C of the Income Tax Act, 1961 and investors can deduct up to Rs 1,50,000 a year by investing in it.
FDs offer slightly higher interest rates for senior citizens. The rate of interest varies with investment tenure, amount, residential status (NRI or not), and bank. FDs come with a lock-in period. If you want to withdraw within the lock-in period, the bank will impose a penalty as a deduction on the interest earned on the investment. Apart from banks, other financial institutions also offer FD.

Pro:

Fixed deposits are a great way to save money and grow for the future. Read further to know the benefits of fixed deposits.

Secure Investments:

Returns from stocks, mutual funds and debt funds from FDs depend on the market unlike those that make FDs a more secure investment. Additionally, the fact that they provide guaranteed returns makes FDs a great option for limited amounts of money to invest.

Fixed Tenor:

An FD scheme comes with a minimum tenure of 6 months and maximum of 5 years. This ensures that you keep your money safe and get a reasonable profit on it.

Loan against FD:

When you are in a cash crisis instead of breaking your FD and paying a fine, you can take a loan against your FD, with a loan amount of up to 85% of the total FD value. Getting loans has become even easier with pre-approved offers from Bajaj Finserv. Share some details and get your pre-approved offer.

Flexible interest rate pay-out:

FDs allow you to choose the period, and when the interest is deposited in your FD account. You can choose between annual, monthly or maturity payments. FDs also provide high interest rates for senior citizens. Bajaj Finserv FDs, for example, offer an additional interest rate of 0.25% (above the current rate) for senior citizens.

Cons:

While FDs offer major benefits in terms of guaranteed returns, they also have some disadvantages, including:

Low returns:

While FD returns are guaranteed, they are lower than other short-term market-linked investments.

Liquidity:

Fines are withdrawn from the withdrawal of your FD before the maturity date. When you break your FD, you may get less interest on the total investment.

Tax Return:

The interest earned through your FD comes under the taxable slab of your income. If your earned interest is Rs. If it is more than 10,000, it will be deducted as TDS at the rate of 10%. For senior citizens, this minimum amount is Rs. Has been increased to 50,000.
To increase your tax benefits from FDs, go with a tax-saver FD. However, remember that if you open a joint account, the first holder of the deposit can get tax benefits as per Section 80C of the Income Tax Act, 1961.

2. Public Provident Fund (PPF):

PPF is a government-backed investment scheme. PPF investment has a lock-in period of 15 years. PPF is considered one of the safest investments, as sovereigns guarantee the scheme. Like bank FDs, PPFs offer a way higher rate of interest than a daily savings checking account.

Pros:

  • PPF Interest Rate Benefits
  • Extension of Tenure
  • Tax Benefits on PPF
  • Investment Security in PPF
  • Facility of Loans against PPF
  • Partial Withdrawals
  • PPF as a Pension Tool
  • Transparency in Calculation

Cons:

  • Fixed Interest Rate
  • Lower returns than Mutual Funds, NPS
  • Less flexible

3. National Pension Scheme (NPS):

NPS is another government supported retirement plan. The scheme is managed by the Pension Fund Regulatory and Development Authority (PFRDA) in India. NPS may be a combination of varied investments like liquid funds, fixed deposits and company bonds. There are various schemes under NPS, you can choose according to your requirement. Rate of interest in various funds.

Pros:

  • Additional Tax Benefit
  • Higher Fee to Intermediaries

Cons:

  • Tax on Maturity Proceeds
  • Mandatory Annuity
  • Low on Equity

4. Gold:

Investing in gold is a traditional investing. Indians are very fond of yellow metal. Gold is invested in the form of buying gold jewelry, coins and bars. Apart from holding physical gold, investment in gold can be made by investing in ETFs and sovereign gold bonds.

Pros:

  • Gold may be a quality hedge against a down market
  • Gold will still have value if paper currency inflates
  • There is an apparent upside to the value of gold

Cons:

  • Gold has a terrible historical comeback
  • Gold is worthless if things really go wrong
  • Gold sells only when you sell it

5. Equity-Linked Savings Scheme:

ELSS is the only equity-linked and mutual fund scheme, which falls under Section 80C of the Income Tax Act, 1961. The ELSS has the shortest lock-in period (3 years) among all section 80C Avenue. In addition, ELSS offers the highest return among the Section 80C options, and therefore, it is one of the most popular investment options in India. It provides the twin benefits of tax cuts and money increases. Investing in ELSS carries moderate risk.

Pros:

  • Compared to traditional tax saving instruments like Public Provident Fund (PPF), National Savings Certificate (NSC) and bank fixed deposits; ELSS funds have a very short duration.
  • While ELSS investments are closed for 3 years, PPF investments are closed for 15 years, NSC investments are closed for six years, and bank fixed deposits eligible for tax write-off are closed for 5 years. Since ELSS is an investment in equity markets and investing in it for a longer period than other asset classes can give you better returns.
  • You can also opt for SIP investments, which bring discipline in regular investment. If you opt for dividend plans, you can also get income from your investment amount in the lock in period.

Cons:

  • ELSS is not meant to put investors at risk. As with ELSS investment per share market investment, all risks associated with equity investment are related to ELSS.
  • So if you do not want to take this risk then it is better to avoid ELSS. Another disadvantage of ELSS is that you cannot withdraw your fund before the maturity date.
  • Other instruments such as PPF and bank deposits allow premature withdrawals, subject to certain conditions.

6. Recurring Deposit (RD):

Recurring deposits are an alternative to FD. Under RD, individuals regularly investing a certain amount of money. Like FDs, RDs also offer a much higher rate of interest than a regular savings bank account. You can present your RD investment as collateral to get a secured loan.

Apart from the investing methods covered in this article, other popular investment options in India are National Savings Certificate (NSC), stock market and real estate.

Pros:

  • Secured Investing Options with Guaranteed Returns
  • Banks offer up to 7.50% interest rate for recurring deposits based on principal amount and tenure.
  • Most banks offer RD products through net banking, investors can deposit online without any hassle.
  • Flexible Recurring Deposit Schemes that allow deposits of any amount at any time in India!
  • Investors can deposit from Rs 1000 to small and up to Rs large every month. 15 lakhs per month.
  • The customer is not required to make a lump sum investment to initiate recurring deposits.

Cons:

  • Interest rates are lower than fixed deposits. Customers get an interest rate of up to 9% for fixed deposits while interest for recurring deposits ranges from 7.5% to 8%.
  • Recurring deposits offer guaranteed but lower returns than other popular investment schemes such as mutual funds and SIPs.
  • If the interest amount is Rs. If it is more than 10% TDS will be deducted from interest under section 19A. 10,000 per year.
  • Withdrawals from a recurring deposit account before the end of the term can reduce the penalty or interest. Immediate evacuation is not possible even in case of financial emergency.
  • If RD is not flexible, the customer will not be able to change the monthly investment amount.

Conclusion:

Although, there are certain disadvantages, pros outweigh the diverse effects. Besides, if you are looking for safe and long term investment, these six investing platforms are most eligible in India 

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Cryptocurrency, History, Investment and Best Guide for Beginner 2020

What is Cryptocurrency?

A cryptocurrency is a digital or virtual currency designed to serve as a medium of exchange. It uses cryptography to secure and verify transactions, as well as to control the creation of new units of a particular cryptocurrency. Essentially, cryptocurrencies are limited entries in a database that no one can change until specific conditions are met.

History

During the technological boom in the 90s, there were several attempts to create a digital currency, with systems such as Flow, Benz and Digicash emerging in the market but essentially failing. There were many different reasons for their failures, such as fraud, financial problems and even friction between employees of companies and their owners.

In particular, all of those systems used a reliable third party approach, meaning that the companies behind them verified and facilitated transactions. Due to the failures of these companies, the creation of a digital cash system was long seen as a lost cause.

Then, in early 2009, Satoshi Nakamoto, a surname programmer or a group of programmers under a surname, introduced Bitcoin. Satoshi described it as a 'peer-to-peer electronic cash system'. It is fully decentralized, meaning that there is no server involved and no central control authority. This concept resembles peer-to-peer networks for file sharing.

One of the most important problems for any payment network to solve is double-spending. It is a fraudulent technique of spending the same amount twice. The traditional solution was a trusted third party - a central server - that kept records of balances and transactions. However, this method always entangled an authority in control of your money and with all your personal details on hand.

In a decentralized network like bitcoin, every single partner needs to do this work. This is done through the blockchain - a public account of all transactions that ever occur within the network, available to all. Therefore, every person in the network can see the balance of every account.

Each transaction is a file that contains the sender and recipient's public keys (wallet addresses) and the amount of coins transferred. The transaction also requires the sender to sign with his private key. This is all just basic cryptography. Eventually, the transaction is transmitted across the network, but needs to be confirmed first.

Within a cryptocurrency network, only miners can verify transactions by solving a cryptographic puzzle. They carry out transactions, mark them as legitimate and spread them throughout the network. Later, each node of the network adds it to its database. Once the transaction is confirmed it becomes unforgivable and irreversible and a miner gets a reward, plus transaction fees.

Essentially, any cryptocurrency network is based on the full agreement of the remaining participants and all participants regarding the validity of the transaction. If the nodes of the network disagree on a single equilibrium, the system will basically break down. However, the network has a lot of pre-built and programmed rules that prevent this from happening.

Cryptocurrency is called because the consensus-keeping process is ensured with strong cryptography. This, together with the above factors, makes third parties and blind faith as a concept completely meaningless.



What can you do with Cryptocurrency?

There are certain things you can do with the Cryptocurrency, such as,

Buy goods

In the past, trying to find a trader who accepts Cryptocurrency was very difficult, if not impossible. These days, however, the situation is completely different.
There are many merchants - both online and offline - who accept bitcoins as payment. They range from large-scale online retailers such as Overstock and Newge's to small local shops, bars and restaurants. Bitcoin can be used for hotels, flights, jewelry, apps, computer parts, and even college degrees.
Other digital currencies such as Litcoin, Ripple, Ethereum and so on have not yet been widely accepted. Things are changing for the better, though, with Apple authorizes at least 10 different Cryptocurrencies as a viable form of payment at the Apple Store.
Of course, users of Cryptocurrencies other than Bitcoin can always exchange their coins for BTC. In addition, there are gift card selling websites such as Gift Off, which accept about 20 different Cryptocurrencies. Through a gift card, you can essentially buy anything with a crypto.
Finally, there are marketplaces such as Bitify and Open Bazaar that only accept crypto.

.

Invest

Many believe that crypto is the most investment opportunity currently available. Actually, there are many stories of people becoming millionaires through the investment of bitcoins. Bitcoin is the most recognized digital currencies to date, and one BTC was valued at $ 800 last year. In November 2017, the price of one bitcoin exceeded $ 7,000.

Ethereum, perhaps the second most valuable crypto, recorded the fastest growth in the digital currency ever displayed. Since May 2016, its value has increased by at least 2,700 percent. When it comes to all combined cryptos, their market cap has risen by over 10,000 percent since mid-2013.

However, it is worth noting that cryptocurrencies are high-risk investments. Their market value does not fluctuate like any other asset. Furthermore, it is partially uncontrolled, with some jurisdictions always subject to the risk of their being illegal and any cryptocurrency exchange possibly been hacked.

If you decide to invest in cryptocurrency, bitcoin is clearly still prominent. However, its share in the crypto-market has fallen from 90 percent to just 40 percent in 2017. There are several options currently available, with some coins being privacy-focused, others less open and decentralized.




Bitcoin and some copying it outright.

While it is very easy to buy bitcoins - there are many exchanges in existence in the trade of BTC - other cryptocurrencies are not easy to obtain. However, this situation is slowly improving with many exchanges such as Kraken, Bitfinex, Bitstamp and many others are starting to sell LitKein, Ethereum, Monero, Ripple and so on. For example, there are some other ways of getting coins, for example, you can trade face to face with the seller or use a bitcoin ATM.

Once you purchase your cryptocurrency, you need a way to store it. All major exchanges provide wallet services. But, while it may seem convenient, it is best if you store your assets on your hard drive in an offline wallet, or even invest in a hardware wallet. This is the safest way to store your coins and it gives you complete control over your assets.

As with any other investment, you need to pay full attention to the market value of cryptocurrencies and any news related to them. Coinmarketcap is a one-stop solution to track the price, volume, circulation supply and market cap of most existing cryptocurrencies.

Depending on when you make a profit or the loss you invest in cryptocurrency, you may need to include it in your tax report. In terms of taxation, cryptocurrency is treated very differently from country to country.

In the US, the Internal Revenue Service decided that bitcoin and other digital currencies should be taxed as assets, not currency. For investors, this means that long-term gains and losses from cryptocurrency trading are taxed at the applicable capital gains rate of each investor, a maximum of 15 percent.

Best Crypto-Trading Websites for Beginners:


Binance

Binance Exchange no longer needs any introduction as it has been ruling the crypto market for months.This exchange is for beginners and advanced users alike. Their UI also has an inbuilt option to switch between the two modes, a feature that makes their UI very user friendly.
In addition, you will never face a liquidity issue when using Binance as it consistently ranks in the top 5 exchanges on CMC by volume.

Also, if you use their original BNB token while trading, your trading fee can be discounted by up to 50%, which is a huge amount if you want to become a full-time crypto merchant. The sooner you start through BNB, the longer you will save. (Buy BNB Token Now)

And the best thing I came to know is that they have the most advanced and easiest to use mobile application for trading cryptocurrency on Android as well as iOS. (Android App | Download iOS App)
Join Here

 

Free Bitcoin 

Win up to $ 200 in free bitcoins every hour! No Ads, No Pop Ups! Hit the button and claim your free bitcoins every hour!

Multiply your free bitcoins by playing HI-LO games, participate in free weekly lotteries with big free bitcoin prizes, win awesome prizes with your reward points, daily interest on your bitcoin savings account, 50% referral commission and more Win bitcoin with

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Coinbase

Coinbase is another popular bitcoin and cryptocurrency exchange that can be used to buy / sell cryptos such as Bitcoin, Bitcoin Cash, Ethereum and Litcoin.

You can deposit your fiat currency (USD, EUR, GBP etc.) into the coinbase and easily assemble your cryptocurrency which you can later extract into a Laser Nano S or Treasure-like device.

Coinbase also comes in handy as it allows you to purchase cryptocurrencies via credit / debit card.

You can buy cryptocurrency on Coinbase by following these simple steps:
(However, check if their service is available here in your country.)
  • Register on Coinbase.
  • Complete photo ID verification.
  • Go to the payment methods page.
  • Click + Add payment method on the right.
  • Choose a card and add a credit / debit card.
  • Accept and allow Coinbase to perform two short transactions.
  • Coinbase will perform two very small test transactions between 1.01 and 1.99 in your local currency. Log into your card statement account and note the amount of those transactions.
  • Enter the amounts transferred in the Coinbase app.

Mine

Miners are the most important part of any cryptocurrency network, and like much of trading, mining is an investment. Essentially, miners are providing bookkeeping service to their respective communities.

They contribute their computing power to solve complex cryptographic puzzles, which are necessary to confirm a transaction and record it in a distributed public ledger called a blockchain.
One of the interesting things about mining is that the difficulty of the puzzle is steadily increasing, correlating with the number of people trying to solve it.

Therefore, the more popular a certain cryptocurrency is, the more people try to accomplish it, the more difficult the process becomes.

A lot of people have made a fortune by mining bitcoin. Back in the days, you could make enough profit from mining by simply using your computer, or even a powerful enough laptop. These days, bitcoin mining can only be profitable if you are willing to invest in industrial-grade mining hardware. This, of course, imposes a huge electricity bill above the cost of all necessary equipment.

Currently, Litecoins, Dogecoins and Feathercoins are said to be the best cryptocurrency in terms of being cost effective for beginners. For example, at the current price of Litecoins, you can earn anything from 50 cents to $ 10 using only consumer-grade hardware.


How do miners make profits? 

The more computing power they manage to accumulate, the more possibilities they have for solving cryptographic puzzles. Once a minor manages to solve the puzzle, they receive a reward as well as a transaction fee.

As a cryptocurrency attracts more interest, mining becomes harder and the amount of coins received as a reward decreases. For example, when bitcoin was first created, the reward for successful mining was 50 BTC. Now, the reward stands at 12.5 bitcoins. This happened because the bitcoin network is designed to have a total of 21 mln coins in circulation.

As of November 2017, approximately 17 milliliters of bitcoin have been mined and distributed. However, as the rewards are getting smaller and smaller, every single bitcoin mining will become increasingly more valuable.

All of those factors make mining cryptocurrency a very competitive arms race that rewards early adopters. However, depending on where you live, profits made from mining may be subject to taxation and money transmitting regulations.

In the US, FinCEN has issued a guidance, according to which mining of cryptocurrencies and exchanging them for flat currencies can be considered as transmitting money. This means that miners may need to follow special laws and regulations dealing with these types of activities.







Most common cryptocurrency

Bitcoin -

The first cryptocurrency that started it all.

Ethereum -

A Turing-complete programmable currency that lets developers build various distributed applications and technologies that will not work with bitcoin.

Ripple -

Unlike most cryptocurrencies, it does not use a blockchain to reach a network-wide consensus for transactions. Instead, an iterative consensus process is implemented, which makes it faster than Bitcoin, but also makes it vulnerable to hacker attacks.

Bitcoin Cash -

A fork of bitcoin backed by the largest bitcoin mining company and manufacturer of ASICs bitcoin mining chips. It has only existed for a few months, but has already risen to the top five cryptocurrencies in terms of market cap.

NEM -

Unlike most other cryptocurrencies that use the Proof of Work algorithm, it uses the Proof of Importance, allowing users to require a certain amount of coins in advance to be able to obtain new ones. It encourages users to spend their funds and track transactions to determine how important a particular user is to the overall NEM network.

Litecoin -

A cryptocurrency that was created with the intention of being 'digital silver' compared to 'digital gold' of bitcoin. It is also a fork of bitcoin, but unlike its predecessor, it can generate four times faster and is four times higher. The maximum number of coins found was 84.

IOTA -

The technology that led to the success of this cryptocurrency is called 'and tangled' and requires the sender to provide proof of action to the transaction that approves the two transactions. Thus, the IOTA has removed dedicated miners from this process.

NEO -

This is a smart contract network that allows all types of financial contracts and third-party distributed apps to be developed on top of it. It has many goals similar to Ethereum, but it has developed in China, which may give it some advantages, possibly due to better relations with Chinese regulators and local businesses.

Dash -

This is a two-tier network. The first level is the miner that secures the network and records the transaction, while the second includes ern masternodes' which relay the transactions and enable transactions of the type Instantend and Privatend. The former is significantly faster than Bitcoin, while the latter is completely anonymous.

Qtum -

It is a merger of technologies targeting business applications of Bitcoin and Ethereum. The network has claimed the reliability of bitcoin, while allowing the use of smart contracts and distributed applications, depending on how much it works within the Ethereum network.

Monero -

a cryptocurrency with private transaction capabilities and one of the most active communities due to its open and privacy-focused ideals.

Ethereum Classic -

An original version of Ethereum. The partition took place after a decentralized autonomous organization built on top of the original Ethereum was hacked.





Opinion leaders to follow

  • Vitalik Buterin (@VitalikButerin) – the genius behind the world's second most valuable cryptocurrency today – Ethereum.
  • Andreas M. Antonopoulos (@aantonop) – Bitcoin evangelist and author of 'Mastering Bitcoin'.
  • Charlie Lee (@SatoshiLite) – creator of Litecoin.
  • Nick Szabo (@NickSzabo4) – Szabo’s expertise with cryptocurrency started back in 1998 with the creation of the BitGold proposal, the predecessor of Bitcoin.
  • Brian Armstrong (@brian_armstrong) – co-founder and CEO of Coinbase.
  • Brock Pierce (@brockpierce) – co-founder of Blockchain Capital.
  • Barry E. Silbert (@barrysilbert) – founder & CEO of Digital Currency Group.
  • Don Tapscott (@dtapscott) – president and CEO of The Tapscott Group, Inc.
  • Erik T. Voorhees (@ErikVoorhees) – founder and CEO of ShapeShift.io.
  • Laura Shin (@laurashin) – senior editor at Forbes and co-lead reporter of the Forbes Fintech.
  • Alex Tapscott (@alextapscott) – co-founder and CEO of the Blockchain Research Institute.
  • Roger K. Ver (@rogerkver) – Bitcoin angel investor and Bitcoin evangelist.
  • Jihan Wu (@JihanWu) – co-founder and director of Bitmain Technologies, Ltd.
  • Marc L. Andreessen (@pmarca) – co-founder of Netscape Communications and co-founder of LoudCloud.
  • Gavin Andresen (@gavinandresen) – chief scientist at Bitcoin Foundation and lead developer of Bitcoin Core.
  • Adam Back (@adam3us) – co-founder and president of Blockstream.
  • Oliver T. Bussmann (@obussmann) – president of Crypto Valley Association and founder of Bussmann Advisory.
  • Tuur Demeester (@TuurDemeester) – editor-in-chief at Adamant Research.
  • Meltem Demirors (@Melt_Dem) – director of development at Digital Currency Group.
  • Fred Ehrsam (@FEhrsam) – co-founder of Coinbase.
See the full list here: Top People In Blockchain.

Where to discuss cryptocurrencies?

Avoiding a cryptocurrency scam:

Cryptocurrency scam is now a popular way for scammers to trick people into sending money. And they pop up in many ways. Most crypto scams can try to blackmail someone in the form of email, online chain referral schemes, or fake investment and business opportunities.

But here's what they all about - and what they had in common with yesterday's Twitter hack: a scammer wants you to send money, or pay, with bitcoin or some other type of cryptocurrency. Once you are done, your money is gone, and there is usually no way to get it back.

So if you see a tweet (or a text, email or other message on social media) asking you to pay with bitcoin, you know that it is a scam. Other signs that something is a scam? They can guarantee that you will make money (those guarantees are false); Promise that, you will double your money quickly (again, that is always a fake promise); Or say you will get free money in dollars or cryptocurrency (free money? No, never).

If you do a cryptocurrency scam, report it immediately to the FTC at ftc.gov/complaint. For more information, see What is known about cryptocurrency.
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Today Gold Rate in Global Market, Gold Rate in India, A Quick Guide 2020


According to sources, the new amnesty scheme will allow today gold rate for hoarders to declare their occupation and pay tax on it, cleaning up on investments made using black money.

Back to Basics in Today Gold Rate, Gold Price Today

That government may soon announce an amnesty scheme for gold, to bring in the multitude of black money used to buy yellow metal, considered a safe investment option in India.
According to sources, the new amnesty scheme will allow gold hoarders to declare their occupation and pay tax on it, cleaning up on investments made using black money. Tax has to be paid on the full value of gold purchased by a person without any receipt.
Although the tax rate is yet to be worked out by the government, sources indicated that the education rate is expected to be kept at the 30 percent level with an effective rate of 33 percent.
The new scheme is yet to be considered as another attempt to disclose the black earnings of millions of carores, which is still lying in the system in the form of unaccounted gold.
This erstwhile forgiveness scheme will also try to overcome the limited success of the Pradhan Mantri Garib Kalyan Yojana (PMGKY), also known as the IDS-II launched in 2017.
"The idea of ​​the plan is good, but its effective implementation is difficult. People have implemented gold over time and yellow metal has been inherited on many occasions.
One analyst said, "It would be difficult to declare that if they lost about a third of the value, it would be difficult to declare that they were not named because they did not know about the amnesty scheme."

How to Gold Rate Today in Global Market?

Gold prices on Wednesday rose Rs 55,550 per 10 grams in the national capital on firm global trends and a weaker rupee, according to HDFC Securities.
According to HDFC Securities, the price of gold rose to Rs 53,550 per 10 grams in the national capital on Wednesday.
On Tuesday, gold had closed at Rs 55,550 per 10 grams due to pandemic.
HDFC Securities Senior Analyst (Committee) Tapan said, "The 24 karat gold price in Delhi was at a low of Rs. 87 per dollar with a weak rupee and strength in the global markets. The spot rupee weakened by about 11 paise against the dollar. Patel said.
The rupee fell 11 paise to 70.95 against the US dollar in morning trade on Wednesday, as investors were cautious ahead of the US Federal Reserve's interest rate decision.
Silver also rose by Rs 450 to Rs 47,220 per kg in previous trade, from Rs 46,770 per kg.
In the international market, gold was trading at $ 1,489.50 an ounce and silver at $ 17.82 an ounce.

Why You Might Be Failing at Gold Price Today?

MUMBAI / BENGALURU: Dealers in India offered the highest discount on gold in five months this week as the fall in domestic prices failed to revive demand, while prices in top consumer China remained at a sharp discount in the international market.
In India a discount of $ 43 per ounce was given at official domestic prices, the highest since the last week of March, a discount of $ 20 over the previous week. The domestic price includes 12.5 percent import and 3 percent sales tax.
Local gold futures are trading at Rs 51,200 ($ 699) per 10 grams on Friday, overtaking a record Rs 56,191 hit earlier this month. The highest discounted bank was blamed by a Mumbai-based dealer for importing bullion amid increasing demand for scrap.
From last week's $ 80- $ 70, the Chinese rebate was $ 60- $ 70 per ounce against international gold rates, trading in the $ 1,902.22- $ 1,976.03 range.
While demand may increase at the end of this year, prices will still remain at a discount, with Samson Lee, a Hong Kong-based analyst at Refinitive GFMS, saying sales have declined relatively.
The Chinese rebate set a record $ 75- $ 100 in August. Peter Fung said only investment demand was raised slightly, head of dealing with Wing Fung Precious Metals.
Gold was sold anywhere in Hong Kong at a premium discount of $ 0.50 to $ 1.50 at global prices. A premium of $ 1–50 was charged in Singapore, with buyers taking advantage of the price drop earlier this week.


Quick Guide to Today Gold Rate India

India is the largest consumer of gold in the world, accounting for about a quarter of the world's total consumption. It has maintained this position for a long time and unlike countries such as China, India uses gold primarily as jewelry and investment. It is seen as a solid instrument for investment and even traders who are into commodities trading invest in gold bullion. These investments are usually determined by today gold rates prevailing in the economy at that time.
Even the global outlook of gold is a safe haven where you can invest even when investing in a country's economy is not a good idea.
Gold rates in India change on a daily basis, with many factors influencing their price at a particular place on a certain day. Demand and supply, global market conditions and currency fluctuations are some of the most important factors that determine today gold rate in a country, with prices changing every day.

July 2020 - Week 1 (01-05):

  • In July, the price of gold in India was Rs 4,831 per gram and by the end of the week it saw a slight increase. Opening at Rs 4,831 per gram on 1 July, the metal price rose to Rs 4,876 per gram on 2 July, with investors heading towards the bullion market with an increase in COVID-19 cases in the United States. On July 2, the metal price was at its highest.
  • Today gold rate in India submerged on July 3 with a large demand in the international market with positive data from the United States. The metal price was Rs 4,836 per gram on 3 July and remained steady on 4 July.
  • On the last day of the week as well as the gold rate today in India decreased marginally and in the first week of July, per week was Rs. Closed at 4,832, as investors were cautious with the continued growth of COVID-19 cases overall. Country.

July 2020 - Week 2 (06-12):

  • In the second week of July, today gold rate in India opened at Rs 4,833 per gram in the country on 6 July. The metal price was Rs 4,832 per gram as compared to the previous week's closing price. With the increase in COVID-19 cases worldwide, risk sentiment dipped and the value of the metal increased and was close to its highest value in 8 years. However, in the dollar value in the market, on July 7, gold prices were Rs. 4,811 per gram, which increased risk appetite among investors.
  • On 8 July, the price of gold in India rose again to Rs 4,846 per gram, with investors back in the bullion market, demand for safe-haven increased as the number of COVID cases worldwide increased. The price of precious metal rose to Rs 4,871 per gram on 9 July and further crossed the Rs 4,900 per gram level on 10 July to Rs 4,911 per gram. There is a substantial increase in today gold prices due to an increase in cases in the United States.
  • However, on July 11, today gold rate went down from Rs 4,900 per gram to Rs 4,891 per gram, as the equity market showed positive data, leading investors to shift to the stock market. At the end of the week and today gold prices rose again to cross the Rs 4,900 per gram mark and closed at Rs 4,901 per gram on July 12 with an overall weekly tilt.

July 2020 - Week 3 (13 - 19):

  • In India, the price of gold in India opened in the third week of July at Rs 4,901 per gram. There was no change in rates compared to the price charged on the last day of the previous week.
  • During the week, the price of gold in the country saw a spurt. There was a difference of 10 rupees in the opening and closing rate of gold.
  • The gold rate in India, which closed the week at Rs 4,911 per gram, recorded its highest price for the month on 17 July. One gram of 24-carat gold was sold for Rs 4,916 per gram on the date mentioned.

July 2020 - Week 4 (20 - 26):

  • Gold in India opened in the fourth week at Rs 4,912 per gram. There was a minimal increase in rates compared to the closing price of the previous week.
  • While rates fluctuated over the next few days, on 23 July, the price of gold in India rose to Rs 4,996 per gram.
    Gold rates have been steadily increasing over the next few days in the country and it has risen to Rs. Closed at 5,116 per gram. This was by far the highest price for the precious metal for the month.

July 2020 - Week 5 (27 - 31):

  • In the last week of the month and today gold rate in India is Rs. Opened at 5,117 per gram and showed slight increase compared to the previous week's closing.
  • In the next few days of the week, the rising cost of COVID-19 led to an increase up to today gold rate and on July 29 it was priced at Rs.5,270 per gram.
  •  Today gold rate crossed the Rs.5,300 per gram mark and closed at Rs.5,301 per gram on 31 July.


Today Gold Rate, Gold Price Today: 6 Steps to Make Sure Gold Rate Today India

According to Deloitte six key factors set any mining project or operation up for a successful outcome. These are:
  • A good mineral deposit;
  • The deposit is located in an economic region with good governance and consistent application of civil and tax law;
  • Infrastructure in the form of roads, rail, ports, electricity and communications to support the mine should be available and functioning;
  • A well understood inbound and outbound supply chain supporting the mine and points to market;
  • A competent and cohesive team which safely works together; and
  • Social licence to operate
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