Indians’ affinity for gold is known to the world. It is one of the largest importers of gold. In India, gold is usually kept in the form of jewellery. Indians not only buy them as an ornament but also as an investment, which they can use anytime to fund their urgent cash requirements. Whether there…
As per an article by the Hindu Business Line, Muthoot Finance MD, George Alexander Muthoot, wants to offer gold loans worth Rupees 10 lakh at 12% interest rate to both existing and new customers. The scheme will be launched on December 1st 2017. Muthoot Finance wants to target the scheme at Small and Medium […]
Buying gold is an age old practice that people in India have been following to get good returns on their investments in the long run. Also, gold investments are considered safe as the prices of this particular commodity tend to increase with time due to several market conditions. However, in recent years, there has been […]
FOMC Minutes Support Rate Hike “Soon” The minutes of the latest FOMC meeting revealed that the Fed feel it will “soon be appropriate” to raise rates again if “economic information came in about in line” with current forecasts. Investors have been steadily increasing their rate hike expectations as the Fed have turned more hawkish […]
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 […]
After the government’s demonetization move, the daily gold imports of India have witnessed a sharp increase. The volume has gone past the purchases done during the build-up to Dhanteras on 28th October. The imports witnessed a tenfold increase and rose to Rs 2,229.1 crores on November 10 and increased further to Rs 2,374.4 crores on […]
Federal Bank, in collaboration with MMTC (Metals and Minerals Trading Corporation), will distribute Indian Gold Coins (IGC), under the first-ever National Gold offering scheme launched by the Narendra Modi government in November 2015. This Kerala-based private sector lender will become one of the first private sector banks to offer such a product to its […]
Gold loans are simple secured loans that individuals can avail by offering gold jewellery as collateral to lending banks. For those who need a quick solution to short-term liquidity issues, gold loan is ideal, as it is relatively hassle-free and quick. Being secured loans, gold loans involve shorter processing times ranging anywhere between 1 and […]