How does Gold Loan work?

[msgforsunil]

Hi All,

How does the gold loan work? What will be the approx. interest one has to pay?

I was told that instead of putting the gold in locker, rather take a gold loan from bank and invest in FD wherein the interest from FD is more than Gold loan interest. Thus both gold would be safe and you would earn money from this.

Your comments on this strategy?

Thanks
Sunil kumar

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