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
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
