Consumers in possession of gold can consider leveraging its value to avail of high-value financing. It is a quick funding medium that provides access to a lump sum amount without undertaking any complicated application process. Instead, representatives of the lending institution conduct a simple verification of the quality of gold before proceeding to sanction the loan amount. While the set LTV ratio for gold depends on a financial institution, the RBI has set the bar as high as 90%. Also, easy access to such funding mediums reduces the financial strain during medical emergencies, business expansions, etc. Borrowers can also enjoy…