HomeNewsOpinionHigh gold prices spur growth in loans against jewellery; is there a risk build-up here?

High gold prices spur growth in loans against jewellery; is there a risk build-up here?

Dinesh Unnikrishnan • September 27, 2024 / 08:59 IST

Gold prices have escalated in recent years and are up by 25.96 percent year-over-year. This makes the yellow metal a more valuable commodity for banks to give loans against.

Gold loans have increased significantly in the books of banks

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