Some people find it quite tough in clearing their gold loans. This could well make them lose the pledged gold altogether. In this process, they lose the true value of their gold.

Some gold buyers in the informal sector found a business opportunity in this problem. They are making an offer that is so tempting for those who are not in a position to clear their gold loans.

The pledged gold is valued at the market selling price on the day of transaction. After deducting the cost of releasing the gold from the pledge, the remaining balance will be paid to the customer on the spot. There will be processing fee and GST as applicable. The processing fee ranges from 4 to 6 per cent across different buyers and is also ‘negotiable’.

Loan process

The process is simple as adopted by DRU Gold, a pri

See Full Page