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, an eternal gem valued by generations, is more than just gleaming and valuable; it also has historical importance. However, did you ever consider the process of gauging this valuable metal? There’s the 'Tola then'- This is a unique element that boasts an unusual origin story- 1 tola in grams.

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.

A gold loan will always be among the most popular methods of borrowing because of its quick loan approval, few paperwork requirements, flexible repayment choices, and other advantages. Before selecting a loan type, borrowers should examine interest rates and duration alternatives using a gold loan repayment calculator.

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.

It is important that you have a clear idea about the factors that determine the interest rate that you pay on your personal loan, gold loan or business loan. The first of these factors is the prevailing benchmark interest rate.

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.

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.

Have you ever wondered what makes the gold jewelry you see in stores and online so shiny and valuable? The answer lies in the percentage of pure gold, referred to as karats (K), present in a piece of jewelry. Generally, gold is found in two common forms: 24K (also known as 24 carat) and 22K (or 22 carat).

In India, most gold loan lenders require a minimum of 10 grams or 20 grams. Depending on the lender, this can be in the form of jewelry or bullion.

Gold has always held a special place in Indian culture, not only as a symbol of wealth but also as a safety net during uncertain times. However, the value of this precious metal isn't set in stone, and its prices can fluctuate significantly.