Quick, easy and low-cost: Gold remains top option to raise emergency funds

For Indians, gold is more than just a flashy ornament — it’s a prized emotional possession. According to the latest estimates by the World Gold Council, households in the country hold 24,000-25,000 tonnes of gold, which makes us the largest holders of the yellow metal in the world. Many people in India regard the yellow metal as a fallback investment option that they can use during financial emergencies. 

Gold jewellery and coins can be pledged as collateral for taking a form of loan that is popularly known as gold loan. This short-term loan has emerged as a preferred tool for dealing