Over the past decade, both the demand and the price of gold have been on an increasing trend across the world. This belief in gold as a safe haven increased post the global financial meltdown in 2008. The yellow metal has been considered as a safe asset having stable value which is immune to inflation.… Read More »
The gold lending business once considered to be one of the safest financial assets has come under a cloud following the recent correction of gold prices in the international market. Gold prices have dropped 12% in the past fortnight to touch two-year lows. Such steep correction in gold prices is worrying investors as well as… Read More »
Gold has fallen 30% from its highs of $ 1920.30 and any fall below 20% gets categorized as a bear market. The last week witnessed a sharp drop on concerns of countries like Cyprus trying to liquidate its gold holdings to fund its bailout package. The legendary investor George Soros also cut his holdings… Read More »
Great Times for the Consumers with Companies Offering Unprecedented Discounts and Freebies The difficult economic times may have stalled the growth of the Indian economy, but the consumer segment is experiencing brilliant times with unprecedented offers flowing in from the companies The economic predicament prevalent in India has made it invariable difficult for almost all… Read More »
For the last twelve years Gold had shown a massive build on interest. The bull cycle was extended so much that it looked ballooning in 2013. The corrective wave has approached the bullions this year and it is so hard for many to believe that Gold can correct so steeply also. Indian Gold prices have… Read More »
Finance Companies Face Reduced Margins Because of Steep Decline in Gold Prices The companies offering finance options such as Gold Loans, are witnessing reduced collateral as a result of the dramatic reduction in the pricing of the precious metal A lot of the top financial companies have jumped into the gold loan segment in the… Read More »
Rate Cuts Now a Realistic Possibility, Due to Decline in Inflation and Commodity Prices The subsiding inflation levels and the significant reduction in commodity prices, has raised the chances of a rate cut by the RBI significantly, improving the market sentiment The inflation levels have finally come down below 6%, which is its lowest in… Read More »
Prepaying a loan when there is some amount of additional funds at hand is a good idea but it does require one to carefully analyze the implications in terms of interest saved and opportunity missed. The basis of any such calculation should be what are the short term as well as long term consequences of… Read More »
Once while chatting up with a friend over tea and hot pakoras, the talk moved towards how expenses have shot up and how difficult it was getting to manage our family budgets. My friend just shrugged and said, “Well, those are concerns of my wife. After all, she is the finance minister of the house”.
Remember it is not a wise thing to keep applying for a loan without any rhyme or reason. If your loan application gets rejected, this is also recorded in your CIBIL record. So weigh the pros and cons before you apply for a loan simultaneously to different banks. Wait till you receive an offer before… Read More »