MAM
Zenith’s Tom Goodwin dismisses concept of a digital world
MUMBAI: The last few years have seen a major shift in consumer behaviour and the way brands interact with them through various mediums. So, the industry is evolving and changing? Well, if Zenith Media EVP and Head of Innovation Tom Goodwin is to be believed, nothing is changing.
“All we hear now is how the world is changing and the [advertising and marketing] industry is evolving, which is not true. Nothing is changing. Our businesses will not be hampered with drones overnight. It’s easier for people living in big cities to say that the world is changing, which is not the reality,” Goodwin said.
Speaking at Zee Melt 2018 marcom event here yesterday, Goodwin not only shattered some of the common perceptions and myths about the advertising and marketing industry but expounded too on his theories.
Take, for example, the perceptive trend of newspaper readerships on the decline globally with people now accessing news on hand-held devices like mobile phones and tablets. Goodwin rubbished this belief by stating that newspaper readerships have increased significant, especially in countries like India and Africa.
According to the Zenith executive, in a perfect future, passwords and payments could become a thing of the past and one would be able to unlock devices or pay a bill via face recognition software or a smile or a just a gesture. “But that’s far from today and we have to work actively in the right direction to make that happen as we, as an industry, only talk about technologies but know very little about them,” Goodwin explained, adding the industry hasn’t been able to use chatbots effectively.
Expounding more on technology, he said people were still trying to figure out technology and its many uses in, what he calls, the “mid-digital era”. “As our expectations are high, we tend to refer [to] the past and layer it up without completely understanding it. For instance, reading newspaper should give different consumer experience on different mediums. But it doesn’t. Most newspapers today tend to copy-paste the same model of the physical paper and put it up on the internet without any innovation,” Goodwin explained.
Pointing out that the world hasn’t “really seen any innovation in advertising since 1950”, while taking pride in being in the creative industry, he didn’t mince words: “We keep making the same mistakes”.
While everyone talks about how the millennials were difficult to connect with, Goodwin thought they were the “easiest generation to target”. Reason? As the millennials were always connected or on their mobile phones, there, probably, hasn’t been an easier group to “reach in the entire history of humanity”. Though he’s not the only one now saying so, but Goodwin is of the opinion that “TV is not going anywhere” or dying out due to a digital onslaught simply because “TV is now being watched at more places than ever” and it was “irritating to hear” about the death of television.
However, Goodwin certainly is not wishing away the march of digital altogether. The post “digital age” will be a world where digital will become a part of everybody’s existence and, for that to happen, “markets and agencies collectively need to create brand new experiences from the scratch”, was the advice. He added: “In order to do better business in times of chaos, brands need to transform their communication strategy by understanding people and what they need at what time.”
While everyone talks about a digital world, Goodwin thinks there is no digital world and people were just “obsessed with the idea of digital being a thing”. Why so? He explained: “We still talk about digital as a thing and a behaviour. We have heads for digital and digital strategy and digital advertising. For the next generation, digital will be a part of their lives just as electricity is. Do we have a global head for electricity? People today don’t do internet banking but do banking in 2018, they don’t do e-commerce, they just buy stuff as and when they feel like it.”
Not content with countering some presently held popular industry beliefs, Goodwin had some observations on brand expectations too. “Brands today like to set expectations of being the best or giving the best experience ever, which is not at all true. For instance, every bank wants to compare with every other big bank on the street,” the master said, adding, “But that’s not how a consumer judges you. They [consumers] judge you for your own service. Brands need to look into that [aspect], rather than setting high expectations.”
Moving on to technology and companies, Goodwin advised people to apply technology correctly though they may not necessarily be technology companies. Driving home the point that beyond all the hype, consumer was the king and that every company should keep consumers at the heart of their businesses, he said, “It’s an incredible balance to be made and brands like Uber, WeWork, Whatsapp, Facebook are doing a tremendous work in that area.”
He also noted that it was easy to presume that most companies don’t know what they were doing today, which is not the case really. “Most companies in the market today have had a large legacy behind them, and whatever and whichever version we see of them today, is a compilation of all the work they’ve been doing for so many years,” Goodwin explained, however, cautioning them of the need to “revamp and relook at their consumers” with a different lens to keep up with the changing needs and demands.
What does he think of the present era? “It’s the most exciting time to work in business, advertising and marketing. And to be alive,” was how Goodwin summed it all up.
Gold has evolved from a traditional family heritage to one of the most effective instruments for high-speed liquidity in the rapidly changing financial world of 2026. With 22K gold prices remaining stable at ₹14,440 per gram and 24K gold hitting ₹15,752 per gram as of February 21, 2026, the Indian gold market is seeing a historic increase. A rather small quantity of jewels can now unleash significant cash due to their increased worth.
Finding the best gold loan, however, takes more than simply visiting the closest branch because there are several banks and NBFCs (Non-Banking Financial Companies) vying for your business. It necessitates a strategic grasp of how lenders set their product prices. The cost of borrowing in 2026 is no longer a “one-size-fits-all” number; rather, it is a variable that depends on your loan amount, the state of the market, and particular regulation slabs. You may make sure that you leverage your gold holdings at the best gold loan interest rates by taking a methodical approach.
Recognise the Tiered LTV Framework for 2026
The Reserve Bank of India’s (RBI) introduction of tiered Loan-to-Value (LTV) criteria is one of the biggest changes. Depending on your unique financial needs, this policy directly affects which lender can provide you with the best gold loan.
The LTV limitations for 2026 are set up as follows:
- Loans up to ₹2.5 Lakh: 85% LTV eligibility
- Loans up to 80% LTV are eligible for those between ₹2.5 Lakh and ₹5 Lakh
- Loans over ₹5 lakh are eligible for up to 75% LTV
You must match your borrowing with these levels to determine the lowest gold loan interest rate. Because there is less risk involved, a lender may frequently give a cheaper rate for a 75% LTV plan than for an 85% LTV plan. Choosing a lower LTV bracket is a tried-and-true method to get the finest gold loan conditions if you don’t require the highest amount of cash on hand.
Compare the Offerings of Banks and NBFCs
The best gold loan is determined by your preference for quickness or cheaper cost. The service and pricing differences between ordinary banks and specialised gold lending NBFCs have grown.
Public and Private Banks: The interest rates on gold loans offered by public and private banks are often the lowest on the market, frequently beginning as low as 8.75% to 9.50% annually. Borrowers seeking a long-term or overdraft-like facility who already have a savings account will find it appropriate.
NBFCs: They are the industry leader in offering a genuine, rapid gold loan experience, even if their interest rates may be a little higher than those of banks. They are frequently the best gold loan option for urgent needs when speed surpasses a 1% yearly cost difference, thanks to doorstep services and quick disbursals.
Make Use of Purity’s Power
The most potent “multiplier” in your loan computation is the karat of your jewellery. Lenders have shifted to highly standardised assaying procedures. Declaring high-purity materials helps you get a higher valuation and a better loan amount.
Make sure you are offering hallmarked jewels in order to receive the best gold loan. Because the collateral risk is essentially zero, hallmarked gold (BIS 916) lowers the lender’s uncertainty during appraisal and frequently enables them to provide a more alluring gold loan interest profile.
Consider the Mode of Repayment
The best gold loan is one that doesn’t negatively impact your monthly cash flow. Below are a few repayment options you may consider:
- Bullet Repayment: At the conclusion of the term, which is usually 12 months, you pay the whole amount. Although the cumulative interest cost of the gold loan may be somewhat greater, this is great for short-term liquidity.
- Monthly Interest Payment: You just pay the interest each month; the principal is paid at the end. As a result, the monthly burden is minimal.
- EMI (Principal + Interest): The most organised approach to loan closure is through EMI (principal + interest), which progressively lowers your principal and, as a result, your overall interest expense.
Use a computerised gold loan calculator to determine which option delivers the biggest savings before you sign the contract. Even a 0.5% change in the repayment schedule might save you thousands of rupees on a big loan in the expensive year of 2026.
Be Aware of Unexpected Fees and Penalties
High administrative costs can occasionally be concealed by a low headline interest rate on gold loans. Searching for the finest gold loan requires you to consider the “Total Cost of Credit.”
- Processing costs: For loans up to ₹3 lakh in 2026, several banks provide “Nil” processing costs.
- Make sure valuation fees are clear and do not represent a portion of the loan balance.
- Prepayment and Foreclosure Penalties: You shouldn’t have to pay a large penalty if you decide to end your gold loan early.
- Late Payment Fees: Examine gold loan interest “steps up” if you fail to make a payment. Some lenders charge 2% monthly punitive interest on the past-due balance, which can easily get out of hand.
Conclusion
Finding the greatest gold loan in 2026 requires striking a balance between the historic worth of your gold, i.e., ₹14,440 per gram, and a lender who understands your desire for quickness and transparency. You may make sure that your gold is a bridge to your financial objectives rather than a burden by comparing the tiered LTV brackets and selecting a repayment schedule that corresponds with your income. The knowledgeable borrower usually prevails in a market where gold loan interest rates are more competitive than ever. Spend some time evaluating at least three lenders, confirming that they are in accordance with the RBI as of 2026, and confidently discovering the actual worth of your assets.
FAQs
How much can I borrow in gold today, per gram?
The maximum credit amount for loans under ₹2.5 lakh (85% LTV) is around ₹12,274 per gram as of February 21, 2026, when 22K gold is valued at ₹14,440 per gram. Make sure your decorations are made of pure gold with minimal stone deductions to receive the greatest gold loan value.
Does my gold loan interest rate depend on my credit score?
In general, no. The majority of lenders offering a quick gold loan do not significantly rely on your CIBIL score because it is a secured loan. However, with certain private banks in 2026, having a solid credit history might help you get greater loan amounts or “preferred” gold loan interest rates.
How can I figure out how much interest is due on a gold loan?
The straightforward calculation is as follows: Principal x Annual Rate x Tenure (in years). Many lenders include a best gold loan calculator on their smartphones for a more accurate 2026 figure. This tool automatically adjusts for your selected repayment method and particular LTV tier.
In 2026, would I be able to obtain a gold loan for 18K jewellery?
Yes, most lenders accept 18K gold. However, the interest rate on the gold loan and the value per gram will be different because the purity is 75% as opposed to 91.6% for 22K. Before using the current market cost of ₹14,440 per gram, lenders first convert your 18K weight into a 22K equivalent.
If I close my gold loan early, will I be penalised?
Prepayment penalties are not imposed by the majority of respectable lenders providing the best gold loan in 2026. However, if you end the loan nearly immediately after disbursement, some may demand a minimum interest payment of seven to fifteen days. Verify your agreement’s “Foreclosure” clause at all times.
