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.

A credit score simply reflects your loan repayment history and your track record of timely credit payments. Your credit score is favourably impacted by on-time payments, however it can be negatively impacted if you make such payments carelessly.

Bullion coins are usually crafted from 24-karat (99.9%) pure gold, while collectible coins can be composed of varying gold content. Bullion coins are often minted by governmental entities, such as the American Eagle Gold coin, whereas various companies can produce collectible coins.

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.

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 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.

Gold loans are a kind of secured loan where individuals can borrow money from a financial institution by leveraging their gold ornament as collateral. During an emergency, gold loans offer the best way to meet immediate financial requirements, especially for the convenience and ease that it provides.

Digital gold has been in the news in the last few months, perhaps, for all the wrong reasons. Back in August, SEBI first sounded out the stock exchanges about the inherent risk of digital gold as a product. But more importantly, SEBI was worried that the members of the stock exchange were selling digital gold on their platforms.

Capital Gains Tax is a kind of tax typically levied on the gain or profit received from the disposal or sale of certain assets, commonly referred to as capital assets. This can include several types of investment, including bonds, stocks, real estate, as well as other valuable commodities like gold.

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.

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.