MUMBAI: Gold loans surged by 71% year-on-year in Dec-end, emerging as the fastest-growing segment within personal loans. Individual borrowings against FDs and shares saw a year-on-year increase of ...

Gold loan portfolio of banks rose by 71.3 per cent year-on-year (Y-o-Y) till December of the current financial year (FY25) to Rs 1.72 trillion, compared to 17 per cent growth a year ago, on the back ...

In a strategic development with implications for the gold loan sector, L&T Finance has acquired the gold loan business of Paul Merchants Finance Pvt Ltd (PMFL). This acquisition, valued at ₹537 crore, ...

Gold loans jumped by 71% year-on-year in December 2024, even as gold prices reached a record ₹85,300 for 10 grams in Delhi on Monday, reveals RBI data.

However, many households in India had to resort to shadow banking for gold loans, facing high interest rates and falling into debt, risking their precious assets. Why? The answer is simple ...

Mumbai: Gold loans surged by 71% year-on-year as of December 2024, emerging as the fastest-growing segment within personal loans. Individual borrowings against fixed deposits and shares also saw ...

71.3% more gold loans distributed in 9 months Zee Business Video Team | Updated: February 7, 2025 05:18 PM IST How was the growth of gold loan portfolio of banks this financial year, 71.3% more gold ...

Gold loans have become one of the quickest and most convenient ways to access funds in times of need. Whether it is for a medical emergency, business expansion, or personal expenses, pledging gold ...

L&T Finance, one of India's leading Non-Banking Financial companies, has announced its foray into the gold loan business by acquiring Paul Merchants Finance Pvt. Ltd.'s (PMFL) gold loan segment.

The Promissory Notes remain subject to receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The issuance of the Promissory Notes constitutes a related ...

Commissions do not affect our editors' opinions or evaluations. The price of gold today, as of 9:12 am ET, was $2,813.31 per ounce. That’s up 0.53% from yesterday’s gold price of $2,798.52.

Copper 865.25 1.39% 31-Mar-2025 ...