<h1>Gold Loan Reforms: Standardized Procedures Enhance Transparency and Protect Borrower Rights in Financial Transactions</h1> The Reserve Bank of India has issued draft guidelines for gold loans, focusing on standardizing procedures to protect borrower interests. The regulations mandate uniform documentation, transparent assaying of gold collateral, and clear communication of loan terms. Lenders must ensure borrower presence during gold assessment, provide detailed documentation, explain deductions, and communicate in regional languages. The guidelines aim to create more transparent and borrower-friendly gold loan practices across financial institutions.