Gold is no more only an article of luxury in India. People are now using gold as a financial instrument. Not to forget, gold is also used by lending institutions to offer secured loans. People often check the 1 gram gold rate in Thanjavur on the internet. Anyone interested in acquiring a gold loan in Thanjavur should know the current rate in the market. Read on to learn more about the current gold rate in Thanjavur.
Current gold rate in Thanjavur
Consumers should know the types of gold before knowing the gold rate in Thanjavur. A bar/piece of gold can be offered in 24 karats (Ct) of quality or 22Ct. Many providers offer gold in 18Ct or 14Ct to buyers. Ct represents the quality of gold in Thanjavur and also impacts its price. Ct is the relative amount of gold when compared to other metals. The price of 24Ct gold will always be higher than 22Ct gold in Thanjavur. The higher the Ct of gold, the higher will be its value. The gold price in Thanjavur depends on the quality of gold. The gold price in Thanjavur can also change according to the date. For example, there can be a difference in gold price today and yesterGold price trends in Thanjavur show that the price fluctuates often. Therefore, before acquiring a gold loan in Thanjavur, one should check the real-time gold price in the market. Besides 22Ct and 24Ct, rates are assigned to other types of gold in Thanjavur. If needed, one can check the today gold rate in Thanjavur 916 KDM on the internet. 916 KDM is a type of 22Ct gold that contains 91.6 grams of gold in 100 grams. Apart from gold, cadmium alloy is mixed in 916 KDM gold.
Characteristics of gold loans in Thanjavur
People opting for a gold loan in Thanjavur should be aware of its working. A gold loan is similar to any other type of secured loan in India. A loan seeker has to pledge gold as collateral to the provider to secure a loan. The loan amount is determined by the amount of gold pledged to the lender as per the gold rates in Thanjavur. The current gold price in Thanjavur will be taken into account for deciding the loan amount. If the city for seeking a gold loan is changed, the price of gold in the new city will be taken into account. Similar to any other loan, the debtor has to return the gold loan amount to the respective lender. With Muthoot FinCorp, people can get easy gold loans in Thanjavur.
Why choose Muthoot FinCorp for gold loans in Thanjavur?
Reasons for choosing Muthoot FinCorp for gold loans in Thanjavur are as follows:
- Customers do not need a good credit score to get a gold loan with Muthoot FinCorp. . If the customer offers gold as collateral, they can acquire a hassle-free gold loan in Thanjavur.
- Muthoot FinCorp offers the best interest rates for gold loans in Thanjavur. Customers are also free to repay their gold loan in EMIs, bullet payments, or part payments.
- Quick approval and minimal documentation make it easy for customers to acquire gold loans in Thanjavur. Check 1 gram gold rate in Thanjavur now!