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 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.

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 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 can be used for a variety of things, including sudden financial needs like a wedding, a medical emergency, or a long-awaited family vacation.

In India, the interest rate for gold loans is influenced by the market value of gold. The value of the gold items you pledge as collateral will also be high, when the market price of gold is high.

In India, gold loans are a common practice where lenders evaluate the value of the gold and offer a loan based on a percentage of its appraised worth. Both banking and non-banking institutions offer these loans.

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.

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.

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.

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.

Gold ownership or investment is common among Indian households. However, many prefer not to keep it at home to mitigate the theft risk due to its significant value. Home security measures may not be sufficient for safeguarding physical gold, making utilizing bank lockers prudent.

Gold loans have emerged as a practical solution to address security concerns while availing financial assistance. The marriage of gold's inherent value with the flexibility of loans offers a compelling proposition. For those who possess gold assets, these loans present an opportunity to leverage existing resources while ensuring a safeguarded borrowing experience.