India's gold loan market expands due to high prices, with organized players increasing presence.

India's gold loan market is on the rise due to high gold prices and increased customer demand, with 63% currently controlled by the unorganized sector. Organized players like banks and NBFCs are seizing the opportunity to expand their presence and capture a larger share of the market, with the existing gold loan market through organized channels valued at Rs 7.1 lakh crore. Global demand for gold has increased by 3%, offering opportunities for Indian gold loan financiers to explore new avenues for growth beyond domestic borders.

August 24, 2024
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