Gold NBFCs will benefit from potential rate cuts and prices surge: Jefferies

New Delhi [India], October 19 (ANI): Non-banking financial companies (NBFCs) which focus on gold loans are poised to gain from the dual tailwinds of rising gold prices and potential rate cuts in the near future, Jefferies said in a report.

It added that the rise in gold prices because of the U.S. Fed's rate cut decision and increasing geopolitical tension will drive the demand for gold loans.

As global gold prices are exp