A report by credit bureau Experian shows that gold loans have become a major driver of India’s retail credit growth, with their share in the retail loan portfolio rising from 18% in FY23 to 41% in FY26. The shift comes alongside a sharp rise in global gold prices, which have increased about 130% over the past five years.
Gold loans are significantly boosting India's retail credit growth, with their share in the retail loan portfolio projected to more than double from 18% in FY23 to 41% in FY26. This surge is partly attributed to a sharp 130% increase in global gold prices over the past five…
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