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.

US Federal Reserve kept benchmark interest rate unchanged in its June monetary policy review meeting. This was the first time in 15 months that the US central bank did not increase its benchmark interest rate. Before this the Federal Reserve had increased benchmark interest rates 10 times consecutively.

Fixed Deposits provide a secure harbor for assured returns and capital preservation, making them ideal for risk-averse investors seeking stability. On the other hand, gold offers a timeless allure, the potential for impressive growth and acts as a hedge against economic uncertainties, attracting those in pursuit of higher returns and wealth preservation.

Someone who invests in gold ETFs does not own gold physically. But they hold the cash that’s equal to the gold price. If the investor plans to sell the gold ETFs, they do not get physical gold. However, they receive cash that’s equivalent to the gold price.

The key objective of the GMS or Gold Monetisation Scheme is to mobilize gold owned by institutions and households in the country to put gold into productive use. Reducing the country's reliance on gold imports reduces the recent account deficit to suit the nation's domestic demand.

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.

A custom duty cut on the gold market is the reduction in the tariff or import tax that is generally imposed by the government on imports of gold. Customs duty generally refers to a particular type of tax levied on goods whenever they are imported to a country. It is determined on the basis of the weight, quantity, or value of the goods imported.

A gold loan refers to a kind of secured loan where businesses or individuals pledge the gold ornaments they possess, which may be in form of coins or jewellery as collateral to avail funds from a Non-banking financial company or any financial institution.

The RBI's recent decision to relax the loan-to-value ratio for gold loans is a strategically balanced move aimed at bolstering economic growth while safeguarding the financial sector's interests. This measure is expected to positively impact the economy by enhancing credit accessibility and promoting efficient utilization of gold assets.

One of the most accessible and commonly owned gold assets is jewelry. Many households possess gold necklaces, rings, bracelets, and other adornments with considerable value. While sentimental attachment can make it difficult to part with jewelry, pledging it as collateral for a loan can be a viable option.

A Gold Loan Moratorium is a temporary relief measure provided by financial institutions to borrowers facing financial distress who cannot repay their gold loans on time. During the moratorium period, borrowers are granted a suspension of loan repayment, offering them some breathing space to stabilize their financial situation.