Manipal Fintech Blog

Category: Gold

  • How to Check Gold Purity at Home: A Practical Indian Guide

    How to Check Gold Purity at Home: A Practical Indian Guide

    A few months ago, a neighbor asked me to “just take a look” at a chain she’d found in an old locker. It had the usual backstory: wedding gift, worn for years, then forgotten. Now a gold loan was being considered, and the question that always shows up at this point showed up again:

    “Is it actually 22K… or are we assuming?”

    If you’ve ever googled how to check gold purity at home or how to test gold at home, you already know the internet swings between two extremes: scary chemistry experiments and vague advice like “trust your jeweler.” The truth sits in the middle.

    You can do a decent gold purity check at home, without acid, if your goal is to spot red flags and get a reasonable level of confidence. You won’t get a lab-grade answer at the dining table, but you can avoid being fooled.

    Here’s how I’ve seen sensible people do gold purity check at home without acid, step by step.

    1) Start with the simplest: read the markings carefully

    Most real-world gold purity clues are hiding in plain sight.

    Look for:

    • BIS hallmark (the BIS logo)
    • Purity mark such as 916 (22K), 750 (18K), 585 (14K)
    • A HUID (Hallmark Unique Identification) on newer hallmarked pieces

    If you spot “22K” stamped somewhere, treat it as a clue, not a certificate. In India, the more meaningful stamp is the BIS hallmarking system and its traceability.

    BIS runs the hallmarking scheme to protect consumers against adulteration and ensure standards of fineness. Bureau of Indian Standards

    2) Do a BIS hallmark check (and a HUID hallmark check online)

    This is the best “at home” test because it’s not guesswork – it’s verification.

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    If your ornament has a HUID (usually a 6-character alphanumeric code), you can do a HUID hallmark check online using:

    • the BIS Care app (it includes “Verify HUID”), or
    • the official BIS hallmarking portal under Manakonline (eBIS hallmarking page)

    BIS itself lists the BIS Care app features, including the ability to verify hallmarked jewellery using the HUID. Bureau of Indian Standards+1
    And the hallmarking portal is accessible through the Manakonline hallmarking site. HUID Manak Online

    A small, practical note: older jewellery (especially family pieces) may not have HUID even if it’s genuine. That doesn’t make it “fake” – it just means you move to the next checks.

    3) The gold magnet test (useful, but not a verdict)

    This is the one people love because it’s easy: the gold magnet test.

    Gold is not magnetic, so a strong magnet should not pull the piece.

    But here’s the catch:

    • Many fake alloys are also non-magnetic
    • Clasps, springs, and tiny functional parts may react even on real jewelry
    • White gold and plated items can confuse the result

    So, use the magnet test like a smoke alarm: it can warn you, but it can’t prove purity.

    If the whole piece strongly sticks to a magnet, that’s a serious red flag for “how to identify gold at home.” If it doesn’t stick, it simply means “possible,” not “confirmed.”

    4) The “look and feel” check most people skip

    This isn’t scientific, but it catches poor fakes quickly.

    • Color consistency: cheap plating often looks “too yellow” or uneven near joints.
    • Wear points: check edges and areas that rub against skin. If you see a different metal tone coming through, that’s not a purity problem – it’s a plating problem.
    • Weight for size: gold is dense. Many fakes feel oddly light for their volume.

    None of this tells you 22K vs 18K. But it helps with the basic “is it even gold?” question when you’re doing how to check gold at home.

    5) A simple water test for density (no acid, no damage)

    If you want a more “mathy” home test, density is the cleanest option.

    Gold is very dense. Many common fake metals are not. Using a small kitchen scale and a measuring cup, you can estimate density by water displacement (how much water level rises when you submerge the piece).

    This can get tricky with jewelry that has:

    • stones
    • hollow sections
    • mixed-metal parts
    • complex shapes that trap air

    So, treat this as a helpful indicator, not courtroom evidence. It’s still a good step for people searching how to test gold without causing damage.

    6) When you should stop home-testing and get a professional check

    If the value is meaningful, especially before a sale, exchange, or pledge, get a professional test.

    Most serious jewelers and assaying centers can do non-destructive testing (like XRF testing). For a final and reliable gold purity check, this is what actually settles things.

    Also, if something feels off – odd stamping, no traceability, or inconsistent results – don’t “force” a conclusion at home. Home checks are for confidence; professional checks are for certainty.

    In India, gold isn’t just metal. It’s memory, backup plan, and sometimes family peace.

    So, when someone asks how to check gold purity at home without acid, what they’re really asking is: “How do I avoid getting this wrong?”

    Start with the markings. Do a BIS hallmark check and a HUID hallmark check online when possible. Use the gold magnet test and basic observation to catch obvious fakes. And when the stakes are high, get a proper test, because peace of mind is also part of value.

    If you own gold assets and are considering a loan, choosing doorstep services can provide you with a seamless and efficient borrowing experience.

    Apply for a gold loan 24/7 on www.manipalfintech.com, or call at 18003098440

  • Secured vs Unsecured Loans: Ultimate Guide

    Secured vs Unsecured Loans: Ultimate Guide

    Suppose you need to pay for an unexpected medical expense or purchase your dream home. Loans can prove to be a lifeline in such situations. Understanding the types of loans available and their pros and cons is crucial for making informed financial decisions. Loans generally fall into two categories: secured and unsecured loans. 

    This guide will explain the differences between these two types, their benefits and drawbacks, and when each is best suited to your needs.

    What Are Secured Loans?

    A secured loan is a type of loan that requires the borrower to pledge an asset as collateral. This asset works as collateral and is a security for the lender if the borrower defaults.

    what is a secured loan

    Common Types of Secured Loans:

      • Home Loans: When you take a home loan, your purchased property is used as collateral. The property remains under the lender’s lien until the loan is fully repaid.
      • Auto Loans: For auto loans, the car serves as collateral. The lender holds a lien on the vehicle until you pay off the loan.
      • Gold Loans: When you take a loan against gold, you pledge your gold jewelry or coins as collateral. The lender keeps the gold until the loan is repaid. Manipal Fintech is an excellent option for gold loans, acting as an aggregator that connects you with the best loan offers from various lenders, ensuring you get competitive rates and terms.
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    Pros:

    1. Lower interest rates: Reduced risk for the lender typically results in lower interest rates for the borrower.
    2. Higher borrowing limits: Collateral-backed loans usually allow for higher borrowing amounts.
    3. Easier approval process: Collateral provides security for the lender, simplifying the approval process.
    4. No strict credit score requirements: Makes the loan accessible to more borrowers.

    Cons:

    1. Risk of asset loss: If the borrower fails to repay the loan, the pledged asset can be lost.
    2. Processing fees: Additional costs such as broker and processing fees may apply.
    3. Usage restrictions: There may be limitations on how the loan can be used.

    Collateral Requirement For Secured Loans: 

    Collateral is an asset that a borrower pledges to a lender to secure a loan. This reduces the lender’s risk and often results in lower interest rates for the borrower.

    Types of Collateral That Can Be Pledged:

      • Real Estate: Property such as homes or land.
      • Vehicles: Cars, motorcycles, or boats.
      • Jewelry: Precious metals and gemstones.
      • Savings Accounts or Investments: Bank accounts or stocks.
      • Inventory: Goods and products owned by a business.
      • Equipment: Machinery or tools used in business operations.
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    What Are Unsecured Loans?

    An unsecured loan is a type of loan that does not require any collateral. Instead, lenders approve these loans based on the borrower’s creditworthiness and income.

    what is a unsecured loan

    Common Examples of  Unsecured Loans:

    • Personal Loans: These versatile loans can be used for various purposes, such as medical expenses, home renovations, or debt consolidation. Since no collateral is needed, approval is based on your credit score and income.
    • Unsecured Credit Cards: When using a credit card, you essentially take out a short-term unsecured loan. The credit card issuer extends you a line of credit based on your creditworthiness. If you do not pay off your balance in full each month, interest is charged on the remaining balance.
    • Education Loans: Some student loans, especially those offered by private lenders, are unsecured. These loans are granted based on the student’s credit history (or that of a co-signer) and their ability to repay after graduation.

    No Collateral Requirement: 

    Unsecured loans do not require borrowers to pledge any asset, making them less risky for the borrower but riskier for the lender. The absence of collateral in unsecured loans means higher interest rates and stricter eligibility criteria. Lenders rely heavily on the borrower’s credit score and income to assess their ability to repay the loan.

    Pros:

    1. No need to pledge an asset: You don’t have to use any property or valuables as collateral, reducing risk for the borrower.
    2. Digital process: The application and approval can often be done online.
    3. Simple validation: The process to validate your eligibility is straightforward.

    Cons:

    1. Higher interest rates: Since there’s no collateral, the interest rates are usually higher.
    2. Stricter eligibility criteria: You often need a good credit score to qualify.
    3. Lower loan amounts: The amount you can borrow is generally lower compared to secured loans.
    4. Fixed repayment plans: The repayment terms are usually fixed and not flexible.
    5. Legal issues: If you default on the loan, the lender can take legal action against you.

    Key Differences Between Secured and Unsecured Loans

    Secured Loans Unsecured Loans
    Collateral Requires collateral (e.g., home, car) No collateral required
    Interest Rate Typically lower Typically higher
    Approval Process It may require more documentation due to collateral Quicker approval, stricter credit checks
    Risk and Security Borrower risks losing the pledged asset Lender bears more risk due to a lack of collateral
    Loan Amounts Higher borrowing limits Lower borrowing limits
    Eligibility Easier approval even with lower credit scores Stricter eligibility criteria and higher credit scores needed
    Repayment Terms Often longer repayment periods Generally shorter repayment periods
    Flexibility Less flexible, purpose-specific (e.g., home, auto) More flexible, it can be used for various purposes.
    Cost of Default Loss of collateral, impact on credit score Severe impact on credit score, potential legal action
    Processing Time Longer processing time due to the valuation of collateral Faster processing time
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    Gold Loans A Quick & Best Alternate for All Types of Loans-

    Gold loans are highly versatile and quick to disburse, perfect for emergencies and various financial needs. Gold loans empower women entrepreneurs, farmers, and business owners by providing easy access to funds. They offer benefits such as lower interest rates, flexible repayment options, and quick processing.

    1. Purchasing a home can be easier with a gold loan for the down payment, providing quick funds without extensive documentation, unlike traditional home loans which may take longer.
    2. Buying a car usually involves auto loans, which require multiple verifications. Gold loans, however, offer a quicker and more flexible option with fewer requirements.
    3. For agriculture and business needs, gold loans can be a lifeline, offering fast access to funds without lengthy approval processes, ideal for farmers and shop owners.
    4. Educational expenses can be swiftly covered by gold loans, providing a quick funding option for tuition and other costs, unlike traditional education loans that require extensive paperwork.
    5. In medical emergencies, gold loans are more accessible and quicker to obtain compared to traditional unsecured loans, ensuring funds are available when needed most.
    6. Personal loans for home renovations or debt consolidation can be easily managed with gold loans, offering faster access to funds and competitive interest rates.
    7. For events and marriages, gold loans provide a quick solution with lower interest rates and minimal paperwork, unlike traditional loans that come with higher rates and stricter approvals.
    8. Lastly, for business needs, gold loans offer fast disbursement and flexible repayment terms, making them a reliable option for meeting urgent financial challenges.

    Conclusion

    Understanding the differences between secured and unsecured loans is essential for making the right financial decision. Secured loans require collateral but offer lower interest rates and higher borrowing limits. Unsecured loans do not require collateral but have higher interest rates and stricter eligibility criteria.

    Gold loans are the best option for those needing quick and flexible financing options, especially in emergencies. Manipal gold loans can be your excellent choice for jewel loan needs. Manipal fintech provides competitive interest rates, easy application processes, and a wide range of benefits tailored to meet diverse financial needs. 

    If you’re considering a loan, evaluate your needs and choose the option that best suits your financial situation. For more information and to apply for a loan against gold with a plethora of benefits.

    visit Manipal fintech today www.manipalfintech.com, or call at 18003098440

  • Understanding the 916 Gold Hallmark and What it Means for Gold Jewelry

    Understanding the 916 Gold Hallmark and What it Means for Gold Jewelry

    In the realm of gold, the 916 gold hallmark occupies a significant position representing much more than a mere stamp. It exhibits a specific purity level thereby shaping the quality and value of the gold item. For those who do not know, 916 hallmark gold is commonly known as 22-carat gold. India is a huge gold market be it coins, jewelry, or gold bars because of cultural and social values. 

    There were several cases of fake gold being smuggled into the market by unscrupulous elements. To prevent such activities and ensure customers’ faith in the system, the Indian government introduced a hallmarking system on all gold sold in or after the year 2000.  Read along to learn more about what 916 gold means and the different aspects associated with it. 

    What is 916 Gold?

    First, let’s have a detailed discussion on what 916 gold is and what its significance is. The digit 916 refers to 91.6 grams of pure gold per 100 grams of alloy. The remaining 8.4 grams are composed of other metals like brass or copper. This mixture gives a vibrant and lustrous appeal and is ideal for gold jewelry as pure gold or 24-carat gold is too fragile for intricate designs. The 916 hallmark establishes gold purity and customers have confidence that they are getting proper value for their money. 

    The hallmarking system is governed by BIS (Bureau of Indian Standards). It is the national standards organization of India deriving powers from the BIS Act of 2000 and it is responsible for certifying gold and silver articles across the country. After evaluating and testing the gold jewelry, BIS allows some marks to certify the authenticity of the gold. BIS hallmarking is a solid proof that metals are pure and the respective jewelry has been made as per national and international purity norms.

    Why & How 916 Gold is Made?

    The 916 gold hallmark system came into force in 2000 and from 15th January 2020, the government made it mandatory for all jewelers to sell only hallmarked gold. As already discussed, 916 gold means 91.6% pure gold. This system guarantees the quality and purity of gold and makes consumers confident about the authenticity of the gold they are purchasing. 

    Gold purity is measured in terms of carat. Pure gold is called 24-carat gold. However, this gold is too soft and fragile and is not suitable for making jewelry. Hence, manufacturers mix some brass, copper, or silver with pure gold and this gold alloy is hard, durable, and suitable for making jewelry. 

    Now, let’s take a look at why pure gold has so much value as compared to other metals: 

    • Gold is a symbol of status, power, and prestige. 
    • Gold is rare and is difficult to extract as compared to other metals. 
    • Gold has been used as a medium of exchange for many centuries. 
    • Apart from investment purposes, gold is also used in heavy industries like defense, aerospace, electronics, and automobile industries because of its non-corrosiveness and malleability. 
    • Gold is vibrant and visually appealing. 

    If you own gold assets and are considering a loan, choosing doorstep services can provide you with a seamless and efficient borrowing experience.

    Apply for a gold loan 24/7 on www.manipalfintech.com, or call at 18003098440

    Importance of Pure & 916 Gold

    The major advantages why you should always go for pure or 916 gold are given below: 

    • Purity Granted: 916 gold hallmarking offers a high level of purity with assurance of the Indian government’s certificate.
    • Durable: Another advantage of buying 916 gold is its durability and long-lasting nature. It can withstand daily wear and tear and will also not lose its shape or integrity. 
    • Perfect for Intricate Designs: The 916 gold retains the malleability and ductility of pure gold allowing for intricate and detailed jewellery designs.    
    • Legal Tender: 916 gold holds intrinsic value and is accepted globally as a form of currency, making it a reliable investment.
    • Valuable: 916 gold maintains a high market value due to its purity. It is recognized worldwide, ensuring that your investment remains valuable over time and can provide significant returns.
    • Internationally used: 916 gold is widely accepted and used across the globe. Whether you are in Asia, Europe, or the Americas, you can easily trade, sell, or purchase 916 gold, making it a versatile and convenient asset.

    Utilize Gold in Times of Need

    Gold is not only an investment instrument but can also be used to obtain liquid money by mortgaging it. You can utilize your gold value by getting an instant loan against gold jewelry. Another benefit of buying 916 hallmarked gold is that you get high per-gram rates for your gold loan.

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    A gold loan is always superior to traditional loans because of the following reasons: 

    • No Credit Score: A gold loan does not require any credit score or income documents as the yellow metal itself serves as collateral. 
    • No End-Use Restrictions: You can use the proceeds of the gold loan as you like as there are no end-use restrictions unlike business loans, home loans, or car loans. 
    • Lower Interest: A loan against gold comes at a lower interest rate as it is a secured form of borrowing. 
    • Quick Approval: The approval process for gold loans is easy, quick, and convenient leading to immediate fund transfer.  

    Want to go for a gold loan to meet your immediate financial needs? Manipalfintech – India’s leading gold loan aggregator platform is the go-to solution for you. Here are some reasons why you should trust Manipal Fintech to get a gold loan: 

    • Multiple Banks: Manipal Fintech is associated with top banks for gold loans like ICICI, HDFC, and Axis Bank, etc. You can easily compare and get the best gold loan from a best bank.
    • Attractive Interest Rate: Manipal Fintech offers competitive and low interest rates on gold loans, which means your overall loan repayment amount will be quite low and affordable. 
    • Diverse Repayment Scenarios: Manipal Fintech has different gold loan plans according to your need, like SahiMax, SahiDelight, and SahiFexi and you can choose any one of them at your convenience. 
    • Doorstep Service: Taking advantage of its digital prowess, Manipal Fintech has started a doorstep gold loan service where executives will visit your home to complete the formalities and transfer the loan amount. Additionally, you can also visit the nearby Manipal Fintech branch for a gold loan. 
    • Minimal Documentation: Farewell to extensive paperwork, Manipal Fintech requires minimal documentation and zero paperwork. 

    Conclusion 

    916 Gold Hallmark has been a revolutionary step in cleansing fake gold from the market and building trust among customers regarding the authenticity of their purchases. It is important that whenever you are looking to buy any gold jewelry, always check for the 916 BIS hallmark, and in case of any wrongdoings, report the matter to BIS. 

    The 916 gold jewelry can also be used to solve your financial crisis by pledging it and borrowing a loan. Manipal Gold Loan with its range of benefits and hassle-free user interface is the prime contender for fulfilling your gold loan requirements.

    Looking for an instant loan? Avail a gold loan with Manipal Gold Loan and get Instant approval with low interest rates.

    Apply for a gold loan 24/7 on www.manipalfintech.com, or call at 18003098440

  • Gold Investment: SGB VS ETF: Which is Better for You?

    Gold Investment: SGB VS ETF: Which is Better for You?

    Investment is the most effective way of putting your money to work and accumulating wealth. Despite the emergence of new trends and innovations in investments, gold investment still holds an irreplaceable position. The value generated from investing can be utilized to fulfill your financial objectives. Smart investing will increase the real value of your money (increase at a higher rate than current inflation). 

    Investing in gold is one of the easiest and most efficient methods of investment. It acts as a solid hedge against inflation and is highly liquid i.e., can be easily redeemed and you can instantly receive cash. Moreover, unlike stock markets and bonds, investing in gold does not require any specialized knowledge. Gold investment allows portfolio diversification and acts as a balancer against market volatility. 

    There are two ways of investing in gold – SGB (Sovereign Gold Bond) and Gold ETF (Exchange Traded Funds ). One can purchase SGBs from secondary markets where RBI issues them in periodic tranches. On the other hand, Gold ETFs are passive investment instruments that track the domestic price of gold.

    Every individual has different investment objectives and visions e.g. some are looking for long-term investment whereas some are interested in a medium-short term. Both ETFs and SGBs serve different objectives, so investors should compare their objectives with these instruments before making any decision. This blog aims to share tips to find the best investment option between SGBs & ETFs. We will further compare both, their pros and cons.

    What Are Sovereign Gold Bonds?

    SGBs (Sovereign Gold Bonds) are government securities dominated by the RBI (Reserve Bank of India) which issues these bonds on the central government’s behalf. SGBs have a specific maturity time, before that one can’t sell his/her acquired bonds. You can buy SGBs for investment purposes, it’s a perfect alternative to physical gold. In physical gold, we have storage and security issues, and paying making charges, while SGBs are free for these headaches. 

    Additionally, The holder does not get any interest on physical gold but in the case of SGBs, the holder will receive regular interest payments. 

    Some benefits of investing money in SGB are as follows: 

    • Low Risk: These bonds are issued by the RBI on behalf of the government in line with Government Security Act 2006. These bonds come with sovereign backing and have zero chances of default making your investment completely secure. As these bonds are aligned with the domestic price of gold, the only risk is fluctuation in market prices. 
    • Convenience: As compared to physical gold, SGBs are quite convenient and safe. Holders of these bonds are provided with an investment certificate which serves as proof of their investment. Unlike physical gold in which investors have to fret about storage and safety issues, there is no such case in SGBs. 
    • Hedge Against Inflation: As gold prices outpace the inflation rate, SGB can serve as a shock absorber against inflationary pressures allowing a real increase in the value of the investment portfolio.

    The RBI has set a window within which it issues these bonds and this opens for 5-7 days every 3 months. This is a good investment option for those who are low-risk investors and prefer to invest in gold. 

    What Are Gold ETFs?

    As already discussed above, gold-based ETFs are passive investment options offering individuals an alternative to investing in physical gold. This index tracks the domestic price of gold and can be traded on stock exchanges i.e., NSE and BSE. Gold ETFs combine dual benefits – flexibility of stock markets and simplicity of gold investments. 

    Purchasing Gold ETFs means investors are buying electronic gold and when an investor opts to sell these ETFs, they will not receive bullion but cash equivalent according to the prevailing price of gold. Here are some reasons why Gold ETFs are beneficial: 

    • Flexibility 

    One of the major advantages of investing in Gold ETFs is its flexibility. One can purchase these ETFs in Demat form and trade them on stock exchanges within market hours. As ETFs are stored in Demat accounts, it gives investors flexibility of entry and exit. 

    • Small Denomination 

    Usually, gold investments are not meant for small investors because of huge investment outlay. However, ETFs do away with this problem as there is no minimum investment criteria. You can invest even Rs. 100 and equivalent ETFs as per prevailing gold prices will be transferred to your account. 

    • Tax Efficiency 

    Returns earned from Gold ETFs are subject to only LTCG or long-term capital gains tax. There is no other tax burden like wealth tax, DDT, etc. If an investor is in the higher tax bracket, gold ETFs can be beneficial as these investments will be more tax-efficient than investments in stocks. 

    Comparing SGBs and ETFs 

    Now that you are well versed in the meaning of both investment options, let’s make a small comparison of of these two investment options as it will help you in making wise investment decisions: 

    • Liquidity 

    SGB: In terms of liquidity, SGBs stand lower than ETFs. SGB has a fixed tenure of 8 years with an exit option only at the end of the 5th year. 

    ETFs: These are more liquid as ETFs can be sold and bought on stock exchanges within the market hours. You have direct control over entry and exit in the case of ETFs. 

    • Costs 

    SGB: These bonds do not come with any kind of management fees or brokerage charges. These bonds may be issued at a discount or premium depending upon the prevailing market conditions. 

    ETFs: As these are managed by AMCs, you have to pay both the management costs and brokerage charges.. All these create additional financial burdens burden on investors. 

    • Return

    SGB: As these are bonds, apart from the capital appreciation in the value of gold, investors are also eligible to receive fixed interest payments payable half-yearly. 

    Gold ETFs: There is no provision for fixed interest returns in ETFs. The only return that investors will receive is from appreciation in the price of gold. 

    • Ease of Investment 

    SGB: SGBs have a complicated and rigorous subscription method. Investors need to fill out an application form and submit the same to banks or designated post offices. The redemption process is also through the same channel or by selling them on stock exchanges. 

    Gold ETFs: These act just like any other stock investment and can be bought and sold electronically via a Demat account without the need to visit banks or post offices. 

    ETFs vs SGBs Which Option is Better for You 

    Both SGB and Gold ETFs have their strengths and limitations. Now it is up to your investment objective, vision, and risk appetite which will help you in making a wise choice. If you are looking for a long-term investment and want fixed interest income then SGBs can be a preferred option. However, if you put greater emphasis on liquidity, costs, and a shorter investment timeline, gold ETFs may help in fulfilling your investment objectives. 

    Basis SGB ETF
    Returns SGBs are linked to the price of gold but there is a fixed interest component that you receive annually. ETFs are also linked to the price of gold. However, unlike SGBs there is no interest component in gold ETFs.
    Flexibility The tenure of SGBs is 8 years but there is a lock-in period of 5 years meaning you cannot redeem it before the end of 5 years. ETFs are far more flexible compared to SGBs. There is no lock-in period and one can enter and exit as per their requirements.
    Taxation If SGBs are held till maturity, all capital gains will be tax-free. However, interest is fully taxable In the case of ETFs, there is no exemption from capital gains tax. You need to pay short-term or long-term capital gains tax based on the duration of holding.
    Cost There are no recurring costs in SGBs. In the case of ETFs, you need to pay annual charges like brokerage fees, commission, expense ratio, etc. Can You Utilize SGB For Emergencies?

    Sovereign gold bonds suffer from a lack of liquidity as they come in with a lock-in period of 5 years. They can be redeemed or traded on stock exchanges but only after the completion of 5 years from the date of issue. Therefore, SGBs may not help you out during financial emergencies. On the other hand, ETFs can be sold at any time during stock market time. This normally takes 2-3 days to reflect and withdraw the amount in your bank account. Additionally, ETFs can not be sold on weekends, or on the holidays when the exchange market is closed.   

    On the other hand, gold loans emerge as a viable alternative to tide over your immediate financial crisis. It offers a way of using physical gold to obtain liquid cash by mortgaging it with the lender. Gold loans can be availed in any emergency or to fulfill any financial need. Most gold loan providers offer quick and hassle-free loans within 30* minutes, even you can apply and get a gold loan at your doorstep.

    Apply now to get an instant doorstep gold loan

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    Tired of searching for a reliable and secure gold aggregator? Your search ends with Manipal Fintech. We are India’s leading gold loan aggregator that will rescue you from all financial troubles by offering gold loans at competitive interest rates and faster processing time. Here are several reasons why you should choose Manipal Fintech for gold loans: 

    • Low-Interest Rates: Manipal Gold Loan offers gold loans at a lower interest rate, which makes it a more cost-effective option than other traditional loans.
    • Flexible Repayment Options: We offer flexible repayment options for our borrowers so that they do not have to face any unnecessary financial burden.
    • Multiple banks: You can avail of gold loans from several leading multinational banks like HDFC, ICICI, Axis Bank, etc to meet your financial requirements. 
    • No Credit Score: There is no need for any credit score to avail of loans from Manipal Fintech as gold serves as the required collateral. 
    • Zero Paper Work Manipal Fintech simplifies the gold loan process with zero paperwork. Simply provide PAN, address proof, and bank details.

    You can also avail a gold loan at home with Manipal Fintech from the comfort of your home. After raising a request our executive will visit your house to complete formalities and disburse the loan. Additionally, you can also visit the nearest Manipal Fintech branch with prior for speedy loan disbursal. 

    Conclusion 

    ETFs and SGBs are great investment avenues but they may not be of great help in financial emergencies. Gold loans are the answer to your problem in such situations. Manipal Gold Loan with its hassle-free and streamlined offerings is the ideal choice for gold borrowings. Our dedicated and hands-on assistance is aimed at making your loan journey convenient, easy, and 100% secure.

    If you own gold assets and are considering a loan, choosing doorstep services can provide you with a seamless and efficient borrowing experience.

    Apply for a gold loan 24/7 on www.manipalfintech.com, or call at 18003098440

  • The Evolution of 24 Carat Gold Measurement System

    The Evolution of 24 Carat Gold Measurement System

    Gold derives its name from the Old English word “Gelo”, the word for yellow.

    Its chemical symbol AU is derived from “aurora” which means “shining dawn”.

    The oldest golden artifacts recovered by archaeologist’s date back to 4600 BC.

    Earlier gold was first discovered in riverbeds as nuggets and as alluvial gold, which is gold dust, that is found in soil sediments washed down from the mountains by rivers.

    History of Gold, Uses & Mining 

    The early use of gold was as an adornment. It was used only by the elite and rarely did a common man possess it. It slowly began to be used to project wealth and grandeur by the early Egyptian pharaohs. The earliest of whom was Hatshepsut, the daughter of Thutmose 1, the first pharaoh who was buried, about 1482 BC.

    Hatshepsut was an impressive woman by any standards. She wanted to build two gold pillars each 100 feet tall, as a monument to Amon Re, chief god of Thebes. Her chancellor prevailed upon her to moderate her dreams. So as a compromise, the granite pillars built were covered with gold.

    The Egyptians started to mine the gold in Nubia; nub is the Egyptian word for gold. As the mines went deeper, slavery was a must, slaves were used to work the mines. The Romans were the first to use “hydraulicking” a process by which powerful jets of water were used to expose the gold-bearing parts in the mountains. It may be of interest to note that even miners in the California gold rush in the nineteenth century used hydraulicking.

    While gold had value, it still had to establish itself as a “Value Store” and become a medium for monetary exchange. Egyptians were casting gold bars as early as 4000 BC. These huge bars (estimated at 30 pounds each) did not lend themselves to convenient handling.

    Evolutions of Gold Carat Measurement 

    Gold has to be made and weighed in smaller quantities. Carat the word derived from the Greek word kerátion, carato  in Italian, and qirat in Arabic was originally a measure of weight, not purity.

    Carats are the fruit of the leguminous carob tree. Each pod of this weighs exactly one-fifth of a gram. Thus, one could establish a standard for weight using the fruits of nature!

    Grains of barley or wheat have a similar attribute. All grains in the middle of the ear weigh the same. In France where this was put to use, 480 grains as a Troy ounce, and 12 troy ounces is a pound.

    In India, the Tola is a unit of weight with historical roots in Asia that was used before decimal units were introduced. It is equivalent to approximately 12 gms (11.6638038 grams) and is commonly used today to measure gold, especially in North India. Several gold manufacturers produce gold bars in Tola measurements. Whereas in South India, the pound sovereign, also known as pawan savaran, pavan or paun, is a unit of mass commonly used in the Indian gold industry. Although it is technically equivalent to 7.98805 grams, it is usually rounded off to 8 grams. 

    Gold’s Ancient Journey

    In ancient times, grains of barley or wheat were used as a form of currency. Interestingly, all grains in the middle of an ear weighed the same, making them ideal for trading. As the concept of currency evolved, so did the need for standardization in weight and purity. In France, for example, 480 grains were designated as a Troy ounce, and 12 troy ounces made up a pound. Over time, measuring purity became a daily necessity, and standardization helped to ensure consistent measurement across the board.

    It may be of interest to note that the early kings solved their shortage of gold by mixing it with other base metals like copper, this was called “Debasing”.

    It was not just kings who tried debasing, when coins were first manufactured the edges were smooth. This led to a process of pilfering called “clipping”. People took a file and ran it around the edge of the coin to collect gold dust. The collected dust was then melted and sold off commercially. To prevent this the coins were manufactured with serrated edges so that any filing off could easily be detected.

    In Lydia, the place where coinage began, they found it necessary to have a practical method to ascertain the purity of gold. A local black stone was rubbed against various proportions of gold, silver, copper, and all three metals. They used 24 needles made of this stone rubbed against these proportions and compared it with those against lumps of gold received for commercial transactions. Thus began the 24-carat system for the measurement of gold purity.

    Historians believe that Indians developed the world’s first coins, with Vima Kadphises introducing the first standardized gold coins around 100 AD. The Kushans’ coinage system laid the foundation for coinage during the Gupta Empire. While these gold coins were crucial for trade, debasement occurred over time as rulers mixed gold with other metals. In summary, India’s history includes instances of debasing currency, both through devaluation and the alloying of gold coins

    Current Checklist For Gold Purity

    Today we use “Hallmarking” to mark the purity of gold on jewelry. In 1327, by law, the Worshipful Company of Goldsmiths in London, started marking jewelry to certify the purity of gold, the word ‘hallmark’ comes from here.

    In India, we follow the BIS (Bureau of Indian Standards) system of hallmarking gold jewelry began in April 2000. Purity of Gold either one of these 24K 999 for 24 Caret, 22K 916 Corresponding to 22 Carat, 18K 750 Corresponding to 18 Carat, and 14K 585 Corresponding to 14 Carat. The 6-digit alphanumeric HUID-  is HALLMARK UNIQUE IDENTIFICATION.

    So, with modern manufactured jewellery the purity of gold comes certified. It is always advised to carefully examine the gold purity hallmarks to avoid mistakes while purchasing a gold item.

    Importance of Gold Carat & Purity Hallmarks

    Understanding the significance of Gold Carat and Purity Hallmarks is crucial for anyone dealing with gold. These hallmarks ensure the authenticity and purity of gold, which is essential for buyers and sellers alike. In the gold market, they serve to prevent fraud and deception. 

    Furthermore, these hallmarks enable the determination of the value of gold, which is useful for individuals who want to sell or buy gold or want to take a gold loan. These hallmarks also ensure the safety and well-being of the customers by preventing harmful chemicals and alloys from being present in gold without purity hallmarks. By adhering to these hallmarks, the gold market can maintain a high level of quality and consistency, ensuring that customers receive high-quality gold products.

    If you own gold assets and are considering a loan, choosing doorstep services can provide you with a seamless and efficient borrowing experience.

    Apply for a gold loan 24/7 on www.manipalfintech.com, or call at 18003098440

  • All You Need To Know About 24k, 22k and 18k Gold Purity

    All You Need To Know About 24k, 22k and 18k Gold Purity

    Most of us are not aware of gold purity standers. Even we have probably purchased gold at some point in our lives, either for jewellery or as a potential investment. If you’ve ever bought gold, you’ve probably heard the term “karat.” Have you ever wondered what the distinction between jewellery made of 22Kt, 24Kt, and 18Kt is? Are you trying to decide which one to buy as an investment? Well, your quest ends here. We have curated a simple, go-to guide on how what these differences stand for and how they can affect you. You can thank us later!

    Karat or ‘k’- What is that?

    Before we get any further, let us first know what karat or kt means and stand for. It is a term that refers to how pure gold is. It is scored between 0 and 24. Thus, 24K gold is the purest gold that can be purchased.

    Gold is a highly malleable or flexible metal. Thus, to make jewellery, other metals including copper, nickel, silver, and palladium are added to the formula. As a result, it can be better said that karat is a measurement of the proportion of gold to other metals or alloys.

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    Different types of gold according to purity

    When it comes to gold purity, there are two main types: 22k gold and 24k gold. Other variants such as 18k, 16k and 14k also exist. However, jewellery of 22k and 24k are favoured the most over the latter three. Here are the basic distinctions between these varieties:

    24 Karat or 24K Pure Gold

    24k or 24 karat gold is the purest form of gold. This indicates that the gold is entirely composed of pure gold with no traces of any other metals. Gold that is 24 karats pure or above is recognized to have a distinctive brilliant yellow hue.

    Since 24k gold is the purest available, it is always more expensive than 22-carat or 18-karat gold. This form of gold has a far lower density than gold with a lower karat, though. With no other metal to fortify it, 24-karat gold is more malleable and softer than lower karats. Therefore, it is unsuitable for fine and delicate jewellery types.

    22 Karat or 22K Gold

    Jewellery marked with a 22-karat gold content often means that 22 per cent of the jewellery is made of pure gold and the remaining 2 per cent is made of an alloy of gold and another metal. Jewellery frequently uses gold that is 22 karats pure. Various metals, including silver, zinc, nickel, and other alloys, make up the remaining 8.4%. By incorporating additional metals, gold becomes harder, increasing the strength and longevity of gold jewellery. This karat of gold is also referred to as “916 gold” since it is 91.67% pure gold.

    18 Karat or 18k gold

    75 per cent gold and 25 per cent other metals, like copper, silver, etc., make up 18-karat gold. Typically, jewellery with stones is made of 18-carat gold. When compared to 24-carat and 22-karat gold, this type of gold is less expensive. Gold that is 18 Karat pure has a slightly dull gold hue.

    24k, 22k or 18k gold- Which one should you go for?

    If you are opting to buy gold as an investment option, buying 24k or 22k gold is the best option. 24k and 22k are best preferred by banks as collateral in case you want to pledge your gold to acquire a gold loan to help fund an emergency. However, certain gold loan providers like Manipal Fintech Gold loans do accept gold between the purity of 18k to 24k and provide low gold loan interest rates.

    If you own gold assets and are considering a loan, choosing doorstep services can provide you with a seamless and efficient borrowing experience.

    If you own gold assets and are considering a loan, choosing doorstep services can provide you with a seamless and efficient borrowing experience.

    Apply for a gold loan 24/7 on www.manipalfintech.com, or call at 18003098440