Understanding gold loan interest rates helps you borrow wisely when you pledge your gold. This guide explains how interest is calculated, including the use of simple interest formulas, factors like loan-to-value (LTV), purity, and market price fluctuations, and how they affect costs. You'll learn how to determine your repayment burden, estimate the loan amount, and minimize total interest by comparing options and loan tenures. With clear steps and key considerations, this blog equips you to make informed decisions when taking a gold loan. Use these insights to manage your finances more effectively and secure the best terms for your situation.