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Gold Loans Hit Record High Amid Price Rally
Financial Express Lucknow
|September 11, 2025
SIZZLING DEMAND
The value of loans against gold jewellery pledged with banks hit an all-time high for the 15th consecutive month, reaching ₹2.94 lakh crore in August 2025, up from ₹1.02 lakh crore in April 2024. Notably, since March this year, loans against jewellery have grown over 100% year-on-year every single month.
The rally in gold prices has been the primary driver behind the buoyancy in gold loan demand, said market participants. "I have not seen too much of the rise in tonnage. It seems more like the gold price has gone up by 40-45% over 12 months. That seems to be the key driver of the gold AUM," said Karthik Srinivasan, Senior Vice President, Group Head Financial Sector Ratings, ICRA.
This story is from the September 11, 2025 edition of Financial Express Lucknow.
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