As the name suggests, it is the loan given against gold. Many nationalized and private banks and other financial institutions provide this loan against idle lying gold ornaments at attractive rates. Many people nowadays are opting for this loan to meet their certain requirements and also it is better to obtain loan against your gold rather than stuffing it in their bank lockers. While opting for gold loan check the interest rates in various banks and private finances.

Gold in India is respected in many forms; as it is religiously significant, a family heirloom, gifting option, status symbol and a nice form of investment. People decorate their brides with gold till they surrender under the weight. Tons of gold is given as offering in temples. People love to flaunt their jewelry and possessions; the more gold a lady has the wealthier she is. Quantity of your gold is proportional to your social status. With an investment point of view, in small towns and villages people are unaware of different investment options. So in the case of limited investment options, possession of gold is sort of a given. When in utmost financial crisis, gold is mortgaged or sold to improve one’s family conditions.