Indians are known for holding around 9-11% of the total physical gold available in the world. It is the second highest in the world. The reason for such high gold consumption is the Indian tradition of passing gold articles and ornaments through generations. Consequently, providing gold articles as collateral for raising loans is a convenient and cost-effective option. Often gold loans are acquired without any research about interest rates. In such a situation, you may get trapped in a loan offered at a high interest rate. The easiest solution to…
Read MoreUnderstanding the Costs of Gold Loan Balance Transfer
