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The rise of gold loans reflects a broader trend toward secured lending in response to changing market dynamics. As of June 2024, data indicates that outstanding gold loans have seen an impressive growth rate of 20-30% year-on-year. In recent months, the Indian lending landscape has undergone a profound transformation. With the Reserve Bank of India…
New Delhi38 minutes ago copy link Taking a loan is a common option in times of financial difficulty. At present, there are many options available like personal loan, gold loan. With the increase in gold prices and increasing demand, gold loans are emerging as a strategic financial instrument. Through this, you get liquidity in a…
India’s organised gold loan market is projected to double in the next five years to Rs 14.19 lakh crore despite expected moderation in growth due to stricter regulations, said a PwC India report. In fiscal 2023-24, the organised gold loan market demonstrated substantial growth, reaching a valuation of Rs 7.1 lakh crore, according to the…