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Today Gold Rate in Palakkad: Complete Guide

  • Gone are the days when gold was only used as a jewellery item. Nowadays, many people use gold as collateral to get a personal loan. Gold rates in India are subject to change and depend on the market situation. Gold rates in India also change according to geographical location. For example, the gold rate can differ in Delhi and Mumbai on the same day. People also check gold rates for buying/selling it in the market. People can quickly check the 1 gram gold rate in Palakkad online. Read on to know more about today’s gold rate in Palakkad.

    What’s the gold rate in Palakkad?

    The gold rate in Palakkad varies for different varieties of gold. Usually, the quality of gold is measured in karats. Karat (Kt) talks about the amount of gold compared to other metals. The purest form of gold is the 24Kt gold in Palakkad. Apart from the gold quality, the price also changes according to dates.
    Consumers should know that the prices of a gram of gold in Palakkad are subject to change. Before taking any action, one should check the real-time price of gold in Palakkad. With a simple search of gold rate today on the internet, anyone can know the real-time price in Palakkad. According to past trends, gold rates fluctuate in Palakkad and other parts of India. Many people need to know the gold rate in Palakkad to evaluate the loan amount they could get. With a reliable source like Muthoot FinCorp, people do not have to worry about the gold rates. Consumers will get the maximum value for their pledged gold.

    Understanding gold loans in Palakkad

    A gold loan in Palakkad is a type of secured loan. A loan applicant has to pledge gold to acquire a loan. The gold deposited/pledged to the loan provider will act as collateral. The pledged gold will also help decide the approved loan amount. People can get up to 75% of their gold value as a loan with Muthoot FinCorp. Gold loans are far better than any other type of secured loan in India. Easy documentation and high value for gold make it an ideal choice. Many people wait for the right time to apply for a loan against their gold. When the gold rates in Palakkad are high, people apply for a loan to get the maximum value. Similar to other loans, a user has to repay the gold loan via pocket-friendly EMIs. Once the loan amount is returned to the provider, the pledged gold is returned to the respective owner.

    Why rely on Muthoot FinCorp for a gold loan in Palakkad?

    The reasons to apply for a gold loan with Muthoot FinCorp in Palakkad are as follows:

    • Flexible repayment options help debtors to repay the loan via pocket-friendly instalments.
    • Attractive interest rates on gold in Palakkad attract many consumers.
    • Since a gold loan is a type of secured loan, there is no use for a credit score. If someone has gold to pledge as collateral, they can get a loan.
    • Muthoot FinCorp will offer 75% of your gold value as a loan.
    • A minimal processing fee (starting from INR 20) helps consumers acquire easy loans.
    • Conclusion

    The easy documentation and disbursal process of gold loans in Palakkad attract many consumers. People should try to take a gold loan when the 1 gram gold rate in Palakkad is high. Apply for a gold loan in Palakkad right away!

    Harshit Agrawal 25-May-2022 112 Views

About Author

Harshit Agrawal -
Harshit Agrawal heads digital marketing for Muthoot Pappachan Group from its head quarter based in Kochi, India. He has managed digital marketing & activations for brands such as Maruti Suzuki, Hero MotoCorp, Bharti Airtel, Google, Mankind Pharma...read more

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