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What is the period after which the gold will be auctioned in the event of not being able to pay the EMIs?

April 26, 2017able auctioned emis event gold pay period

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What is the period after which the gold will be auctioned in the event of not being able to pay the EMIs?

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In the event of not being able to pay the EMI the customer can foreclose the scheme .The gold is repurchased by Muthoot at the current price less the applicable charges.