Gold Loan Market 2019-2025
New Study Reports “Gold Loan Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025”.
Market Overview:
High Value of Gold to Encourage Large Number of People for Gold Loan
The lending of money to an individual or organisation, in which the recipient comes under debt, until the principal amount with the interest amount is repaid, under a predetermined span of time is called loan. There are several types of loans, namely secured, unsecured, demand, subsidized, and concessional. Gold loan is a type of secured loan. In case of secured loan, some asset of the borrower, such as properties or car, is pledged as collateral. For gold loan, gold possessed by borrower is pledges against a loan. An increase in number of people opting for gold loan over other secured type of loan is likely to cast a strong beneficial impact on the global market of gold loan.
The report on the global gold loan market throws light on several aspects parameters that measures the market growth. It target is to provide a complete understanding of the market of the market as it compares the history and existing trends. A SWOT analysis performed by proficient analysts with high accuracy is what makes the report stand out. There are several factors that are likely to propel the worldwide market of gold loan. No processing fees is likely to be one of the major driver of the market.
In the present scenario, people are looking for quick services. And this is no exception with loan. The processing of gold loan is faster than any other loan, as it is backed by the transaction of physical gold that requires lesser paper works, hence time consumed is less. Alongside, the security in this case is higher. With gold loan, there is no need for income proof or bad-credit history check. The foreclosure charges is void or of extremely small percentage. Other benefits are availability of option to only pay interest amount and low interest rates. These factors are likely to escalate the market growth.
Key Players
The report has profiled some of the noteworthy players prevalent in the global Gold Loan market including Barrick Gold, AngloGold Ashanti, Freeport-McMoRan, Newmont Mining, Randgold Resources and more.
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Segmental Outlook
The worldwide market of gold loan is studied under type, sales channel, and application segment. Pure gold and color gold are type segments of gold loan market, in which the pure gold segment due to their low interest rate is expected to generate substantial turnover for the market. Sales channel segments of the market are direct channel and distribution channel. The direct method of attaining a gold loan is more prevalent. Investment and collecting are application segments, where investment has the potential to gain immense traction.
Regional Outlook
In the Asia Pacific region, the market for gold loan is surging. In strong economies of Asia Pacific, such as India, Japan, Korea, Malaysia, and China, the market is expected to exhibit remarkable expansion of the market. The high value of gold in the region is paving way for the market to attain good heights over a certain span of time. The increase in the rate for purchasing gold and rise in number of people taking gold loan are factors that are expected to impel the APAC gold loan market.
Key Stakeholders
Gold Loan Manufacturers
Gold Loan Distributors/Traders/Wholesalers
Gold Loan Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Industry News:
the insurance sector is estimated to celebrate a strong year, owing to the rising interest rates, higher investment income, and stable economic growth. Even though the coming year is bound to witness unparalleled growth, long term factors such as ongoing tariff and trade disputes and potential economic slowdown are anticipated to drag growth in the market a bit.
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