Gold has always been a valued commodity. Particularly in India, it is considered
as auspicious, and used in the form of jewelry, coins and other assets. Due to
their high value, people have been taking
Loans against gold ornaments for centuries. Till
about a decade ago, most of such lending activities used to take place in the
unorganized sector through pawnbrokers and money lenders. However, the scenario
has changed with the entry of organized players. According to our latest report,
in the past few years, banks and non-banking finance companies (NBFCs) have made
a significant presence in the gold loan market. It is anticipated that the
organized gold loan market will grow at a compound annual rate of 25.5% during
FY 2012 to FY 2015.
To Know More - Gold Loan Market in India
To Know More - Gold Loan Market in India
