Gold loan portfolio of banks and finance companies to cross Rs 10 lakh crore in FY25

The gold loan portfolio of banks and finance companies in India is projected to exceed ₹10 lakh crore by FY25. This growth is driven by increasing demand for gold loans, which offer quick and easy access to credit. The rising gold prices and economic uncertainties have also contributed to the popularity of gold loans as a financial product. The expansion of the gold loan market highlights the importance of this segment in the broader financial ecosystem and its role in providing liquidity to individuals and businesses.