If you have 5 grams of 24 carat gold, then you can get a gold loan of up to Rs 30,350. If the gold is 5 grams of 22 carat, then you will be given a loan of only Rs 27,820.

The major driving factor is the RBIs status quo in the policy repo rate at 5.5%, with expectations of a rate cut in the October policy, which will be a major boost to the festive season.

Wednesday, the price of gold in local market stabilized, according to the General Syndicate of Owners of Trade ...

Karat gold on August 5, commonly used in jewellery making, also recorded notable gains. In Hyderabad, the price increased by ...

Gold prices fell Rs 250 to Rs 1,00,370 per 10 grams in the national capital on Friday amid a weak global trend, according to ...