Gold Loan Manager Interview Questions and Answers

Gold can be checked and verified using black touchstone, acid, and salt.

• Rub the gold on the black touchstone to check its purity

• Apply acid to the gold to see if it reacts or changes color

• Add salt to the acid solution to test for the presence of other metals

• Use a magnifying glass to examine the gold for any markings or stamps

• Consult with a professional appraiser for a more accurate assessment

The carat of gold ornaments refers to the purity of the gold used in making the ornaments.

• Carat is a unit of measurement for the purity of gold.

• 24 carat gold is considered to be pure gold.

• Lower carat gold contains a higher percentage of other metals, making it less pure.

• Common carat values for gold ornaments are 22, 18, and 14 carats.

Gold loan is a type of loan where gold is used as collateral. Marketing is essential to attract customers and promote the gold loan services.

• Gold loan is a secured loan where customers pledge their gold ornaments or coins as collateral.

• The loan amount is determined based on the value of the gold pledged.

• Interest rates for gold loans are generally lower compared to other types of loans.

• Marketing strategies can include advertising through various channels like print media, tele...read more