Loading...
Gold Loan Alert: Small Errors Can Lead to Your Jewellery Being Auctioned
LIVE TV
LOCAL
ENGLISH
For You
Entertainment
National
Sports
Markets
Business & Economy
Lifestyle
World
Astrology & Religion
Technology
Education & Jobs
Auto
Politics
Viral
Opinions
Loading more articles...
Home
Local
Live TV
Gold Loan Warning: High Prices Lure, But Risk of Auction Looms
N
News18
•
08-03-2026, 20:26
Gold Loan Warning: High Prices Lure, But Risk of Auction Looms
•
Record gold prices, fueled by Iran-Israel tensions, led to a 125% surge in gold loan volume last year.
•
Experts warn against taking excessive loans due to high gold prices, as temporary surges can lead to a debt trap.
•
Gold price volatility creates 'margin money risk'; banks demand additional funds if prices drop, leading to auction if unpaid.
•
Difficulty in loan repayment and the emotional distress of losing ancestral jewelry are significant risks.
•
Gold loans are advised only for medical emergencies or productive activities with future income potential, not solely due to high prices.
Read Full Article on News18 in Bengali
✦
More like this
✦
More like this
Rising Gold Prices: A Golden Opportunity for Loan Customers
N
News18
Gold Loan: How is it Calculated? 5 Key Things You Must Know Before Taking One!
N
News18
Gold ETF Risk: Ramu's ₹2,000 Profit Turns into ₹1,000 Loss Overnight!
N
News18
Gold Loan Guide: How Much Can You Get on 10 Grams? Interest, EMI & More
C
CNBC Awaaz
Major Fraud: Farmer's 128g Gold Auctioned by ICICI Bank Without Notice in Tonk
N
News18
Pledged Gold Scam: How Rs 1.5 Lakh Gold Becomes Rs 30,000! Unregulated Agencies Prey on Desperate Borrowers
N
News18