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.

The gold rate today might rise or decline from what it was last week. Gold buyers and sellers closely monitor these price fluctuations to enjoy the best rates.

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.

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.

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.

In accordance with the RBI circular on gold loan LTV, the RBI has eased the lending norms for gold loans by increasing the permitted maximum Loan-to-Value ratio from 75% to 90%.

A profound understanding of the gold loan process is the foundation of comprehending balance transfers. Acquiring a gold loan entails borrowing a specific sum from a lender with your gold as collateral. Before committing, it's imperative to fathom the associated fees, interest rates, and terms governing this unique loan category. Familiarizing yourself with the stipulations of the gold loan agreement is essential.

A gold loan is a sheltered loan where gold jewelry or ornaments are pledged as collateral. These loans offer borrowers quick access to funds, leveraging the value of their gold assets.

If you have invested in e-gold through NSEL (National Spot Exchange Ltd), then there is a procedure to convert those units into physical gold like gold coin or bars and take delivery of the same. The e-gold units held in demat form need to be transferred to the designated beneficiary account of NSEL.

A gold loan is a financial product where you pledge your gold ornaments, coins, or bars as collateral to obtain a loan from a financial institution. The loan's value is determined by the gold you pledge. This makes it an attractive option for individuals who possess gold assets but need immediate funds.

A Gold Loan Management System (GLMS) is a specialized software solution designed for financial institutions and gold loan providers. It facilitates efficient management of gold-backed loans by automating various aspects of the lending process.