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 ...

An important factor adding to lender comfort is the rising price of gold. “Rising gold prices in the global markets along with a depreciating rupee are helping lenders to lend more amounts and also ...

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 ...

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 ...

Pune (Maharashtra) [India], January 28: Gold has always been a cornerstone of Indian culture, symbolising prosperity and financial security. Whether for weddings or investments, this precious metal ...

However, many people are unaware that their gold jewellery can also serve as a quick and convenient source of funds during emergencies. Borrowing a gold loan has become one of the fastest and easiest ...

Gold is a precious metal and is considered an attractive investment option. The gold prices in India fluctuate as per market situation and are keenly monitored during the time of trading.

Gold loans have become the fastest-growing category within personal loans, skyrocketing 71 percent year-on-year as of December 27, 2024, according to the Reserve Bank of India (RBI). The total ...