New Delhi, Feb. 21 -- For a long time, gold has been a common investment for people in India as it not only is a financial investment but also resonates religious and emotional sentiments. With rising gold rates, financing gold can become tough. Hence, people often resort to borrowing personal loans to buy gold. Let us understand the benefits and considerations of using a personal loan for buying gold in detail so that you can make the right choice.

Personal loans are unsecured loans that allow you to use the fund for any purpose including the purchase of gold. These loans are different from gold loans as you don't have to pledge gold as collateral for them. That means you can get the loan without any threat of losing your existing gold ...