Poging GOUD - Vrij
King Gold Reigns in Retail Loan Country
Mint New Delhi
|September 15, 2025
Gold loans surge on higher prices, narrowing quick loan options
Lenders are shoveling out gold loans as customers juice soaring gold prices, even as barriers rise in personal loans and credit cards.
Banks handed out more gold loans than any other type of retail loan including home loans in FY26, Reserve Bank of India (RBI) data available up to end-July showed. While they disbursed ₹70,675 crore of home loans, the figure for gold loans stood at ₹85,432 crore. The momentum is expected to pick up further, after banks were recently allowed to lend more against the precious metal.
Gold prices rose 23% this fiscal year to touch ₹109,390 per 10 grams on 12 September, MCX data showed. When gold prices go up, borrowers can get more loans for the same amount of gold. While some of the increase in gold loans was indeed thanks to higher gold prices, experts said the lack of other easy avenues are driving many customers requiring urgent short-term loans to turn to gold.
Dit verhaal komt uit de September 15, 2025-editie van Mint New Delhi.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Mint New Delhi
Mint New Delhi
War cools, but high freight rates to stay
Strong tanker demand keeps capacity tight as Hormuz reopens
2 mins
June 30, 2026
Mint New Delhi
Merged PFC-REC may face mounting borrowing costs
The long-awaited merger of REC Ltd with its parent, Power Finance Corp. (PFC), won board approval late Sunday, creating a stronger balance sheet and a larger lending institution. But the merged entity may face higher borrowing costs in the near term, as investor exposure limits would narrow its bond investor base, market experts said, calling for a diversified funding basket.
3 mins
June 30, 2026
Mint New Delhi
Delhi policy delivers boost for EVs, blow to hybrids
Delhi on Monday unveiled an electric vehicle (EV) policy that favours battery electric vehicles (BEVs) over hybrids, mandates a phase-out of new petrol and diesel two-wheelers from April 2028, and three-wheelers and light commercial vehicles from January 2027, and limits full road-tax exemption to electric cars priced below ₹30 lakh.
4 mins
June 30, 2026
Mint New Delhi
HDFC Bank board picks former CEC Rajiv Kumar as chairman
The board of HDFC Bank, late on Monday, approved the appointment of Rajiv Kumar as part-time chairman and additional (independent) director, three days after an external legal review cleared the bank in the controversy surrounding the exit of former chairman Atanu Chakraborty.
1 min
June 30, 2026
Mint New Delhi
YRF takes stake in Rusk Media
Yash Raj Films (YRF) has made a strategic investment in Rusk Media, one of India's leading digital-first entertainment companies specializing in original vertical storytelling.
1 min
June 30, 2026
Mint New Delhi
The US judiciary is turning its back on asylum seekers, sadly
America is no longer committed to an ideal that it has long upheld
3 mins
June 30, 2026
Mint New Delhi
Manufacturing, electricity boost factory output in May
This marks the second month in FY27 of the new IIP series with 2022-23 as the base year
2 mins
June 30, 2026
Mint New Delhi
Wellness over beach holidays for midlifers
Dealing with career transformations, health concerns and empty nesting calls for retreats with structure, care and ample time to reflect
4 mins
June 30, 2026
Mint New Delhi
BIG OIL'S SECRETIVE TRADING ARMS ARE HAVING AN EXTRAORDINARY YEAR
Meet the corporate gamblers who never waste a good energy crisis
7 mins
June 30, 2026
Mint New Delhi
Gold rebounds ₹1,300; silver slides
Snapping the three-day falling streak, gold prices rebounded by ₹1,300 to ₹1.46 lakh per 10 gm in the national capital on Monday on value buying by traders.
1 min
June 30, 2026
Listen
Translate
Change font size