Gold pledging leads to severe trauma and stress – People opting for gold loans should spare a second thought and reconsider
The gold industry has thrived incessantly over the years; it was only in the last few decades that the gold industry grew exponentially. The growth of the industry also reflects the miseries and difficulties faced by the ordinary people of India. The Gold Loan industry’s growth was a natural phenomenon that was an outcome of the growing value of gold, the value of the gold drove the industry to newer heights. Banks, Private Gold Finance Companies, and Cooperative Societies capitalised on the growing trend of people opting for gold loans, they started to develop attractive finance products to fuel the demand and growth. The finance products developed by the Banks and other Gold Loan providers lacked depth in their features and empathy towards customers; they devalued the gold value and offered loans to customers. Customers who were in dire situations didn’t spare a second thought and took the loan. While opting for a loan during difficult times is a natural process for people, exploring other options can give them better ideas. With the evolution and advancement of the internet and technology, there are many ways through which a person can explore better products in every category including loans. To properly get guided on the internet platform, it is advised that the person searching the products should be well-versed with the searching process, only then he would get some useful and reliable information. With consistent refined search, one could easily explore and gain depths of information on every subject including finance options and ideal solutions for every issue. The ideal solution instead of a gold loan is selling the gold at 100% value which makes a good deal in every aspect. The person gets 40% more for selling gold in place of pledging, it is a well-known fact that gold loans are given at 60% of the gold value, hence opting for a gold loan is detrimental for the person and his family. There is very low awareness about selling gold in the market as the gold loan industry has thrived manifold in the last decade, only in recent times people are hearing about selling gold as the other viable option, but still there should be more awareness to people on this aspect.
Awareness on selling gold is very less and ironically knowhow of pledging gold is more
With the rise in the awareness levels of gold loans, people have heard more about the schemes related to pledging gold. Unfortunately, people are opting for gold loans without realising the benefits and advantages of selling gold, the tug of war is on between selling gold and pledging gold, it is only a matter of time that the world would know the right and the best mechanism for managing financial situations. Even though the advantages of selling gold is clear and blatant people are quite hesitant to sell gold because of their unequivocal emotion towards their old gold ornaments, they should realise that the gold ornaments they were wearing are very old and they have a good opportunity to sell it during the difficult financial situation, and also in future they always have a good option to buy brand new gold ornaments with latest and trending designs which would make them immensely happy and joyful. Whereas on the other hand if they repaid the gold loan and got their old jewellery back, they wouldn’t have been so happy. People can check with customers who have got their old jewellery back after repaying the gold loan.
At Goldbuyersinmangalore, the customer is sure-footed to experience the joy of selling gold
Selling gold is the simplest thing to do, the customer can experience the same at Goldbuyersinmangalore, and the customer gets instant cash with maximum gold value. The reliable gold point ensures that every customer gets the best money for gold without any terms or conditions.
