The steady rise in gold prices has opened up a golden opportunity for borrowers seeking financial support. For those who own gold, the increased value of this precious asset has made gold loans an even more attractive option. A gold loan, being a secured form of credit, allows individuals to borrow money by pledging […]

The recent RBI report on sectoral deployment of bank credit mentions a growth of 71% year-on-year (YoY). Undoubtedly the gold loans are the most popular and easy to avail credit form, this piece entails the reasons for such enormous growth across consumer segments nationwide.   The Fast Growth of Gold Loans in India Gold loans […]