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For Indians, gold is more than just a flashy ornament — it’s a prized emotional possession. According to the latest estimates by the World Gold Council, households in the country hold 24,000-25,000 tonnes of gold, which makes us the largest holders of the yellow metal in the world. Many people in India regard the yellow metal as a fallback investment option that they can use during financial emergencies. Gold jewellery and coins can be pledged as collateral for taking a form of loan that is popularly known as gold loan. This short-term loan has emerged as a preferred tool for dealing with urgent business and personal contingencies. Gold loans are a quick, easy and low-cost way to meet your immediate and emergency financing needs, but do ensure that you entrust your gold in safe hands after thorough due diligence.
