how to earn money from gold
Gold monetization scheme: Indian families have purchased gold extensively during the festive season. Some took coins as a sign of omen, while others got new jewellery. But now, when the festivals are over, this precious yellow metal is back to its old place – in the home safe or bank locker. We often consider gold as our savings, but have you ever thought that this gold kept in the locker actually becomes a dead asset? It remains safe there, but does not add a single rupee to your pocket.
Investment methods are changing with time. Now gold Instead of considering it as a mere decoration or status symbol, it needs to be the basis of financial strength. There are many smart options available in the market, through which you can put your ancestral or purchased gold to work without selling it and also get regular income from it.
Earn profit by renting gold
If you want your gold to be safe and also earn money, then ‘Gold Leasing’ is a modern and profitable option. It’s like renting out your house, except here you rent out your gold. Many digital platforms like SafeGold are providing this facility.
In this process, you lease your digital or physical gold to big and organized jewelers for a fixed period of time. Jewelers use it as their working capital. In return, you get returns of 2% to 5% annually. The biggest feature of this option is that the returns you get are not in rupees but in grams of gold. This simply means that if the price of gold increases in the market, the value of your returns will also automatically increase.
Earn interest from government scheme
‘Gold Monetization Scheme’ (GMS) is a safe scheme supported by the government. In this, you can deposit the jewellery, coins or bricks lying in your house in the bank. Here, instead of charging you locker rent, the bank instead gives you 2.25% to 2.5% annual interest on the gold deposited.
However, there have been some changes in this scheme. According to the information, medium and long term deposit options under this scheme have been closed from March 2025. But it is a matter of relief that the short term deposit scheme of 1 to 3 years is still operational. This is best for those who do not want to block their gold for a long period, but definitely want to earn some income from it.
Also read- After 2 months, gold made a record in Delhi, increased by Rs 6000 in 4 days