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flag India's Finance Minister pledges strict action on gold auctions if loan defaults occur.

flag Finance Minister Nirmala Sitharaman assured strict action against any violations in the auctioning of gold by banks and NBFCs when borrowers default on loans. flag She emphasized that both sectors follow similar rules and strict procedures. flag Sitharaman also noted that the demand for gold in India remains high, especially among households and small businesses, due to its security and liquidity.

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