Skip to main content

Gold prices

Gold prices are close to an all time high. Is this a good time to unlock the value of your holdings in gold and take a loan against gold? If you are in need of gold, you might be able to borrow against it. Here we explain to you the basics of gold Loans.

What are gold Loans?

Many people have assets such as gold ornaments and jewellery that earn no income because they lie idle at home or in a locker. If you are in need of a loan, and if you are confident of your ability to repay the loan on time, you can unlock the value of these assets by taking a loan against gold.

You offer the lender your gold. The lender gives you a loan against your ornaments after a quick evaluation of its purity. The lender will usually not give you the loan up to the full value of the loan, but generally you can get up to 80% of the value. You pay interest on the loan. At the end of the loan, you repay the loan and can take your gold back from the lender.

How can I get a gold Loan?
You can get a gold Loan through either your bank or through a non-banking company that specializes in loans against gold.
Labels:

Popular posts from this blog

Can seaweed help solve the world's plastic crisis?

  After you finish your fries, eat the ketchup packet. When you add your pasta to boiling water, toss the bag into the pot, too. If these instructions sound confusing to you, it's only because you haven't yet heard of Notpla, a London-based startup company that is designing a seaweed-based replacement for single-use plastic packaging. Founded in 2014, the company closed a £10 million ($13.5 million) Series A financing round last month, led by the VC firm Horizons Ventures, to scale and further develop its product line. Notpla's products are meant to be composted or dissolved after use -- though some are edible, too. Current offerings include sachets for condiments, water and even alcohol; a film wrap for products in your pantry or bathroom, like coffee or toilet paper; and takeaway boxes that replace plastic-based coating with seaweed lining to make them fully biodegradable. The Ooho can replace condiment packets and other single-serve liquids, while the seaweed-lined takea...
Read more

Māori journalist becomes first person with facial markings to present primetime news

 A Māori journalist has made history in New Zealand by becoming the first person with traditional facial markings to host a primetime news program on national television. Oriini Kaipara made headlines worldwide after hosting her first 6 p.m. bulletin for Newshub on the TV channel Three, with many lauding the milestone as a win for Māori representation. "I was really elated. I was over the moon," Kaipara told CNN of the moment she found out she would cover the primetime slot. "It's a huge honor. I don't know how to deal with the emotions." Kaipara's Christmas Day presenting role was the first of six consecutive days covering for the primetime news show's permanent anchors, although her stint will continue into early January and she said she may be called again in the future. Māori facial markings get visibility boost following appointment of New Zealand foreign minister The 38-year-old is already the permanent anchor of the 4:30 p.m. "Newshub Liv...
Read more

Rich in history and architecture

Sri Patteeswaraswamy temple near Coimbatore attracts devotees with its old world charm and exquisite sculptures. Cool view: The temple tank with the gopuram in the background. Six km. from the modern industrial city of Coimbatore is the ancient temple of Sri Patteeswara Swamy where the divine cow Kamadhenu and its calf Patti worshipped the Lord, as the legend goes. FINE SAMPLE: Beautifully embellished ceiling and pillars.— PHOTOS: S. Siva Saravanan. Perur is also known as Dhenupuram. Similar is the legend with the other two famous Siva temples — Sri Patteeswaraswamy temple at Dharasuram near Kumbakonam and Sri Dhenupureeswarar at Madambakkam near Chennai. AUSPICIOUS: Nritha Ganapathi. According to the sthalapuranam, the temple existed in Kruthayuga, Threthayuga and Dwaparayuga under different names, and was worshipped by Kamadhenu, Vyasa, Viswamitra and Lord Yama. Here, Lord Brahma and Lord Vishnu took the forms of the two sages Gomuni and Pattimuni and did penance for many years. They...
Read more