A gold loan is a secured loan. it is availed by pledging your gold as collateral. The gold is held as security against defaulters. Banks do not generally look at your credit score while sanctioning a gold loan, since the gold is held as a security with them and they can dispose the gold in case of default. However, availing a secured loan and paying it off in a timely manner would help improve your score as well, and it is a good way to build your credit history if you are new to credit.