Stop Paying Gold Loan: Release Your Pledged Gold in 7 Simple Steps

From ancient Egypt’s pharaohs to modern-day investors, gold has been sought after for its ability to preserve purchasing power and serve as a hedge against economic uncertainty. Its scarcity, indestructibility, and intrinsic beauty make it a timeless asset, transcending borders, cultures, and generations. As financial markets evolve and economies fluctuate, gold remains a steadfast cornerstone of diversified investment portfolios, offering stability and security in an ever-changing world.

In times of financial need, many individuals turn to gold loans, leveraging their precious metal assets to secure funds quickly. However, in difficult circumstances, people struggle to pay the fixed interest rates and forget the principal amount to release the gold, but with the right knowledge and guidance, the process can be simpler than you think. 

In this blog post, we’ll explore seven simple steps on how White Gold can help release pledged gold.

Step 1: Bring your pledge certificate

The first step to release your gold loan is to bring your pledge receipt given to you by the lender during the time of the gold pledge and any additional documents that are crucial for the process.  

Step 2: Carry your photo ID 

It is mandatory to carry your photo ID and local address proof, such as a cylinder bill, house agreement papers or others, and Aadhar card for the KYC process. To fastrack the verification process, we request you have a passport with you. 

Step 3: Find your nearest White Gold branch

The first step in releasing your pledged gold is to find the nearest White Gold branch to you. Visit Google and search for “White Gold branch near me” or head to our “find your branch” page here. 

Step 4: Complete the KYC process

Once you are at the branch, we verify the pledge documents produced by you and conduct a thorough KYC process to steer clear of any confusion or fraudulent activities. After verifying your Photo ID and address proof, we conduct an inspection call to one of your family members. 

Step 5: Check gold price

Upon successful KYC verification, we will analyze the current market price and discuss the formalities with you before proceeding to release the pledged gold. 

Step 6: Release pledged gold

Once you have agreed to the proposed rate for buy-in and signed the term sheet, we will accompany you to the lender’s institute to release your pledged gold. Back at the branch, we will check the purity of gold with hi-tech German machines for accurate valuation. 

Step 7: Get Instant Payment

We will transfer the agreed sum to your bank account immediately after accessing the gold value; you can verify the transfer before leaving the branch.