What Is Gold Loan And How It Does Works?

Gold loan is considered a precious metal that is popularly used for various purposes such as industrial, commercial, or investment purposes. In such a loan, the customer pledges their gold jewelry as collateral with the lender. The lender evaluates your gold and sanctions a loan amount after verifying the documents. As per the evaluation, the lender then sanctions you on the loan amount.

Source: https://indialends.com/gold-loan/what-are-gold-loans-and-how-it-works