List of Gold Loan Articles

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.

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.

To get a deep understanding of the overall cost and requirements of gold loan repayment, it is essential to calculate the interest on gold loans. Due to the convenience and accessibility of gold loans, they have become the most popular method of short as well as long-term financing.

Gold loan transfer, or balance transfer, involves moving your existing gold loan from one lender to another. People opt for this transfer when they find better loan terms and more attractive interest rates with another lender. However, not all lenders offer this facility of loan transfer.

GST on gold jewellery in India is the rate fixed by the government for the sale of gold jewellery, coins, and bars. It applies to all purchases made from a registered seller who has a GSTIN (Goods and Services Tax Identification Number).

Gold loan renewal comes with several advantages compared to other financing, renewing your gold loan, you can take leverage of lower interest rates available in the market. This will help you save money over time as you repay the loan.

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.

Overdraft gold loan is a type of loan that allows you to borrow against the value of your gold holdings. This can be done by depositing your gold at a lending institution for safekeeping in exchange for a certain amount of money you can use as and when required.

Gold Loan with EMI option is a loan offered against gold assets. It is usually taken out for short-term financial needs such as paying off medical bills, funding travel expenses, making wedding preparations, etc.

Kerala is the state with the highest per capita expenditure on gold, in India. According to National Sample Survey Data of 2021, per person expenditure on gold in Kerala Rs 208.55 per month in rural areas and Rs 189.95 per month in urban areas.

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.