Vighnaharta Gold Limited (VGOLD) is India’s first online 24k Gold booking portal started by Mr.Mahendra Luniya, an entrepreneur with over 10 years of experience in finance and gold. The company was registered on 14 Dec 2011 with Registrar of Companies, Maharashtra, Pune under the companies act 1956.
Vighnaharta gold has 6000+ registered clients who have booked 50+ kgs of gold and the company has delivered 37+ kgs of gold across India.
Services of Vighnaharta Gold Limited (VGOLD)
According to their Membership scheme customer will receive a membership card after become a registered member of Vighnaharta and can get 15% to 75% Discount on ornament making charges from associated Jewelers like Ranka Jewellers, P.N. Gadgil Jewellers, Marathe Jewellers, Shree Swami Gems, M.B Ashtekar Jeweller, Gold Mart, Dilip Sonigra Jewellers, HP Jewellers in Pune. They also have associate jewelers in Panvel, Sangli and Ahmednagar. This is an attractive scheme and many customers are enjoying its advantages. They also give regular updates on gold rate and their associated jeweler’s highlighted schemes through their mobile app.
Vighnaharta provides buying facility of gold easily, with 15% amount of today’s rate as booking amount and rest payment can be paid in 12/24/36 months Interest Free EMI’s.
Benefits of this scheme
⏩ Rate lock
⏩ 0% Interest
⏩ Installments up to 36 months
⏩ Booking in only 24k gold
⏩ Delivery by customers preferred jeweller across India.
Deposit scheme is a scheme which can earn interest on your idle gold under this scheme the company will provide you safer interest earnings such as 2% to 7% per annum. They provide full security and safety of nationalized Bank guarantee (With Bank Of Maharashtra).
Benefits of this scheme
⏩ Earn 2% to 7% interest on your unproductive gold
⏩ 100% security by Nationalized bank guarantee
⏩ Help our nation to reduce CAD (Current Account Deficit) and maintain liquidity in economy.
What is digital gold?
A Digital gold is a form of electronic gold based on mass units of gold. It is a kind of representative gold, it is a general certificate of ownership that gold owners hold instead of storing the actual gold. It was intended to represent actual gold coin and these were exchangeable for gold on demand.
Difference Between Physical Gold and Digital Gold
Physical gold is very different from buying and owning digital gold though one must admit that ultimately the value of both would remain the same, barring marginal differences.
1. Physical Control
Digital Gold similar to your bank account where you have a balance in your account, but do not hold the money physically. When you want the money from your bank you withdraw the same.
No chances of theft just like that with physical gold could be stolen there is no chances of digital Gold being stolen since they are held in electronic form.
3. Easy to Liquidate
Like other mutual funds, the money is automatically credited into your account, when the sale is realized. Selling physical gold is a more cumbersome process. You need to get the gold from your locker or bring it from banks.
4. Storage and Security
Physical gold is bound to attract storage costs, since many individuals hire lockers in the bank to store gold. Digital Gold on the other hand does not attract storage costs since they are held in the electronic form.
Benefits of Digital Gold by Vighnaharta for Society
Installment: After depositing advance payment of 15 percent consumer can comfortably pay the rest with 12/24/36 month’s EMI.
Liquidity: Digital/paper gold is referred to these days, as the “liquidity trade” That is because it is in positive territory when cash is needed quickly, institutional buyers sell-off and take profits.
Easy to buy and accumulate: Buying gold via an VGOLD is as simple as buying any other mutual fund. You can buy as little as 10 gm and accumulate your gold reserves over time.
It is cheaper to buy: When you buy gold, be it jewellery or bars, you pay a making charge over and above the market price of gold. When buying digital gold no such costs are to be borne.
What is Gold Monetisation Government Scheme?
Gold under the locker appreciates in value if gold price goes or down but you remain away from its regular interest or dividend. On other hand , you even incur a carrying costs on bank locker charges. The monetisation scheme will privilege you to earn some regular interest on your gold time of fluctuation and even save your carrying charges which you pay for bank locker security. It is a gold savings account which will earn interest for the gold that you deposit in it as many time you want. Your gold can be deposited in physical form like coins and bars. You will earn interest based on gold weight and also on the appreciation of the metal value. You get back your gold in the equivalent of 99.5% fineness of gold or Indian rupees as you desire. It is totally safe and secure and one of the profitable scheme to keep gold protected with profit.
The government is providing short term, medium term and long term gold monetisation scheme to the people.
World Gold Council
The World Gold Council is the market development organization for the gold industry. It works across all parts of the industry, from mining to investing and their aim is to stimulate and sustain demand for gold.
It is a nonprofit association of the world’s leading gold producers, established to promote the use of gold through marketing, research and lobbying. Headquartered in London, the WGC covers the markets which comprise about three-quarters of the world’s annual gold consumption.
Things to know about gold
Gold bugs believe that gold is still a stable source of wealth, like it was during the years of the gold standard international currency system. A gold bug invests in gold for what he or she perceives as financial security in the event of a currency devaluation, and often also believes that the price of gold will continue to rise in the future.
Karvy Wealth Report
Karvy 2013 was a year of challenges for the economy with a slowdown experienced in agriculture, manufacturing as well as service sector. This coupled with rising current account deficit, high inflation, weakening exports due to weak global demand and delayed policy action slowed down the GDP growth rate. As a result, even Foreign Direct Investment inflows took a hit, registering a 38% decline from FY12, making foreign investors wary about India. Growth is expected to remain at 5% in FY14. Agricultural sector owing to normal monsoon and growth in Exports is likely to give a boost to the economy. However growth in manufacturing and service sectors are expected to remain subdue.
It is important for Indian to invest on digital gold which provide more liquidity, security, easy exchange and security privilege as many people buy gold and black gold which is not in note of government and do illegal work. Digital gold will help the country to grow in better way as cash will flow smoothly in economy and people will not keep metal gold at home or locker.