A gold loan refers to a loan issued to borrowers against their gold by banks and financial institutions. The borrower’s gold serves as collateral or security with the bank or the financial institution. The borrower can use the gold loan amount for multiple purposes depending upon their financial requirements, there is no restriction on its end-use.
Read MoreGold is not only metal but it is also a matter of trading which plays a very important role in bringing the stability of the financial crisis as well as happiness in the life of a human by giving a percentage of profit as the gold rate today is near about Rs 48,500 as per the Indian market. The prices are based on 10 g with the purity of 24 carats of gold. As we all know that there is a purity range but on the other side there is the availability purity range which is between 18 carats to 24 carats of gold.
Read More