Friday 31 May 2024

The transformative impact of gold loans on Indian households

Indians hold a record gold reserve of 24,000 tonnes, which is about 14% of the world’s holding, but they have pledged only around 5,300 tonnes; as of December 2023, the gold loan industry’s advances stand at ₹7.15 lakh crore, but given our vast reserves the potential is too significant to ignore

from Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty | The Hindu

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