Gold Buyer In Noida

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Important Points To Consider And Avoid Before
Pledging Your Gold. Everything You Need To Know
About
Gold has always been a coveted asset in India.
Along with the financial value of Gold, it is
also has a unique emotional and social value that
pertains to owning physical Gold in the form of
jewellery, coins and bars. However, for
investment purposes, one can invest this yellow
metal in different ways. The gold loan business
in India has been carrying on for a long time it
is only in recent years that most of the banks
have actively started participating in giving
gold loans.
A gold loan is a loan against the physical pledge
of the aureate metal. This can either be in the
form of bars or in the form of ornaments. The
bank/financer does a complete assessment before
the loan is given against your ornaments.
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Is getting a loan a good option?
Gold Buyers are one of the quickest and simplest
ways to monetize your jewellery and get money.
This loan can be applied to anyone who owns the
precious metal either as jewellery or as coins or
bars. Like your local jeweller, many
NBFCs(non-banking financial companies) specialize
in giving loans to retail customers. In fact,
many banks are also using NBFCs as their
last-mile link for giving loans in rural and semi
urban areas.
What are the types of gold that can be pledged?
The higher the purity of your metal, the higher
will be the valuation and the loan amount. Most
lenders ask for a minimum of 18-carat purity. If
you are looking to take a loan against jewellery,
the lender wont consider the gems or stones
value. They will only value the metal. Also, many
lenders offer loans against bars. However, they
accept coins with a purity of 99.9 and up to 50
grams.
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Should you pledge your gold or sell it?
If you own the yellow metal in the form of
jewellery, it is advisable to get a loan.
Jewellery making charges are simply not
considered by the Jewellers when buying the
jewelleries back from the customers. Even while
giving you a loan, the loan providing company
will evaluate only the metals quality and
quantity. Still, here, at least you are assured
that next time you do not waste any money on
jewellery making charges again if you plan to buy
the same type of jewellery after that.
However, if you own coins, bonds, or EFTs, it is
recommended to sell them when in need of money as
here you are paid more or less in full accordance
to the market rate of Gold For Cash the EFT NAV.
Also, there is no point in borrowing money for
your financial need and pay interest on it when
you already have it in your locker.
First and foremost, these loans are for the short
term only. These are usually for a period of 1
year in some cases to 2 years at max. Hence, make
sure you can repay the amount of the loan in that
time frame. If you cannot, a Gold Buyer In
Delhi is not for you.
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Contact US
Address Shop No-1, SP Jewellery, L-1, Arjun
Nagar, New Delhi Behind Reliance Fresh 110029.
Address Yusuf Sarai main market 60/9 In front
of Green Park Metro Gate Number 1 Exit New Delhi
110016 Shop No-109, first floor, P-6, Ocean
Complex, Sector 18, Noida, UP -
201301(India) Call Now 9999196317
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