List of Gold Loan Articles

Gold Jewellery making charges are fees jewelers impose for the labor and skill of crafting gold jewelry. That means when you buy a piece of gold jewelry, you're not just paying for the raw Gold but also for the craftsmanship that goes into creating the final product.

Gold has been considered a very precious metal not just for its financial value but also for its cultural and symbolic significance. Moreover, if you talk about India, buying gold is related to prosperity, wealth, as well as good fortune.

Gold Jewellery making charges are fees jewelers impose for the labor and skill of crafting gold jewelry. That means when you buy a piece of gold jewelry, you're not just paying for the raw Gold but also for the craftsmanship that goes into creating the final product.

The unorganized sector of the economy is a very important one in India. It includes millions of unregistered , informal micro businesses such as the vendors of food along our streets; household workers such as maidservants; laborers and workers of small , informal businesses, etc. In smaller towns and cities of India the share of informal sector is very big in the local economy.

Gen Z and Millennials prioritise finding alternative financial solutions that align with their values of accessibility, flexibility, and convenience. As gold loans are deeply rooted in economic and cultural traditions in a country like India, these generations are leveraging technology to cater to unique individual needs and reinvent the experience of gold loans.

In India, the widespread ownership of gold has led to the emergence of gold loans as a financial lifeline for people needing quick capital. Among all the options for borrowing, gold loans are by far the most convenient and flexible option.

Gold has been revered throughout history for its intrinsic value and enduring allure. Whether you have a passion for collecting, are an investor, or simply want to verify the authenticity of your gold coin, assessing its purity holds significant importance.

A gold loan is a type of short-term loan that is secured against gold jewellery and coins. The borrower must pledge their gold assets as collateral to the lender to avail this loan. Most banks and NBFCs offer such loans with repayment terms of up to 12 months at competitive rates of interest starting from 10% p.a.

The market for gold loans in India is estimated to be worth $46 billion, with informal lenders controlling the majority of the market. Those who borrow money from these lenders frequently end up paying interest at rates between 25% and 50%, which raises the total cost of the loan by nearly half of the amount borrowed as its principal.

A gold loan is a sheltered loan where gold jewelry or ornaments are pledged as collateral. These loans offer borrowers quick access to funds, leveraging the value of their gold assets.

Gold loans offer a pragmatic solution when facing urgent financial requirements or aiming to fulfill your aspirations. They are secured loans that utilize your gold possessions as collateral against the borrowed amount. This means that when you pledge your gold jewellery or coins, you receive a cash sum in exchange.

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.