There are very few financing options from the organised banking sector that provide the flexibility of personal loans when you need some emergency funds in a hurry. However, certain types of secured loans such as gold loans are emerging as an alternative to personal loans due to the dual benefits of minimal documentation and lightning-fast […]
Ever been in a financial crunch where your money was temporarily stuck and you required some cash urgently? If you have been in such a situation, you would have come across three main options available: loan against property, gold loan and personal loan, apart from borrowing from family or friends. The first two being secured […]
Gold loan is a secured loan provided to an individual putting up gold assets, such as jewellery, as collateral. Though this concept of borrowing has existed for a very long time, the organized gold loan sector has emerged fairly recently subsequent to guidelines provided by the Reserve Bank of India. Due to the simplicity of […]
Gold Monetization Schemes, Gold Coins And Gold Bonds To Be Launched On November 05 The government of India is launching the much talked about gold monetization scheme, gold coins and the gold bond schemes on 5th November (four days before Dhanteras). The Prime Minister, Narendra Modi will inaugurate all the schemes. Under gold monetization […]
To increase gold investment options for Indians, the cabinet had recently approved the gold monetization and gold bonds schemes announced in this year’s budget. And now, going a step further, the government of India (GOI) is planning to launch gold coins on 2nd October on the occasion of Gandhi Jayanti. By launching these coins on […]
The cabinet has approved the gold monetisation scheme and gold bond scheme, which were announced by the finance minister in his Budget 2015-16. As India is the biggest importer of gold, the two schemes aim to curb the metal’s demand which is putting pressure on India’s current account. After the cabinet meeting, Arun Jaitley said, […]
The prices of the yellow metal touched four-year low at Rs 24,700 in July this year. The gold prices have corrected by about 12% this year from the initial level of Rs 28,000 in January 2015. We Indians are famous worldwide for our insatiable demand for gold. Yearly, we import about 600-650 tonnes of gold. […]
Gold holds a certain sentimental value for all Indians. For generations, gold has been the mainstay of our emergency funds. It is not just utilized as an ornament that adds to an individual’s charm, but is also an appreciating investment asset. People don’t stop at buying just ornaments, but gold coins, bars and biscuits too […]
If you have been scouting for a loan and have some gold with you, it’s time to junk the ‘unsecured’ personal loan route and opt for the fast-emerging gold route option. Many of us are very attached to our jewellery given the emotions entwined with the gold, a wedding gift, birthday or anniversary gift, among […]
Gold loans are loans granted in lieu of depositing gold with NBFCs or banks. The concept of pledging gold for money has been around for centuries. However, the entry of banks and other lending institutions in the domain has made it a more formal and transparent process vis-à-vis money lenders. According to recent reports, more […]
