List of Gold loan Articles

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Gold Loan

Is Buying Gold Coins a Good Way to Invest in Gold?

The prosperity and luck associated with the gold make it extremely popular among Indian investors. Apart from gold jewellery, Indians are also quite inclined toward hoarding gold coins. But is investing in gold coins a prudent choice? Scroll through this article to explore the different benefits of hoarding gold coins.

What are the procedure, merits, and demerits of a gold loan?

The existence of gold loan companies has enabled borrowers to mortgage gold and receive funds against it. Several Indians search for “gold loan near me” to receive funds for urgent financial requirements. But not everyone knows the procedure to apply for a gold loan. Jump into this article to understand how to apply for a gold loan and learn its pros and cons.

Gold Loan vs Personal Loan - Which is Better & Why?

Gold loans and personal loans have their own advantages and disadvantages. You should weigh the two options against each other before making your choice. But remember that you will need gold assets to get a loan against it, while you don’t need any collateral for personal loans.

How Are Gold Rates Determined?

The gold rate today might rise or decline from what it was last week. Gold buyers and sellers closely monitor these price fluctuations to enjoy the best rates.

How Does Keeping The Gold Loan In Bank Lockers Work?

If you are contemplating whether it is safe to deposit gold in bank lockers, the answer is yes. With a transparent fee structure, keeping your gold in the bank is not expensive. So, find a gold locker in your nearest bank today!

How much gold in a gold medal?

The medal's design is different for every Olympics. At least 6 grams of gold must be used in each gold medal. This year's Olympic gold medal is comprised of 92.5% silver, 1.34% gold and the remainder 6.16% is made up of copper.

How To Convert E-Gold Into Physical

If you have invested in e-gold through NSEL (National Spot Exchange Ltd), then there is a procedure to convert those units into physical gold like gold coin or bars and take delivery of the same. The e-gold units held in demat form need to be transferred to the designated beneficiary account of NSEL.

Why are gold rates different in different cities in India?

Gold prices are different in every city. Well, there are few reasons as to why there is a price change. Ideally, the rate of gold is determined by the international gold rates on that day. Then logically, the gold rates should be the same everywhere but that doesn't exactly happen as there are certain variables added to that equation.

What happens if gold loan is not paid?

The fact that gold loans are secured, short-term loans, the interest rates are lower than those for personal loans. Gold is regarded as a crucial investment and loan instrument all over India. Banks offer gold as security for gold loans.

What is the maximum tenure for a gold loan?

Gold loans are secured advances with quick repayment terms that make it easy for borrowers to get capital. It makes it simple to take care of immediate financial needs.

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