Loan against gold on rise, RBI raised concerns over irregular practices involved in gold loans

New Delhi [India] January 2 (ANI): The Gold loans in the country has registered strong growth recently says a report by Reserve Bank of India.

The report highlighted that the gold loans witnessed rapid growth in the period ending September 2024 compared to the same time a year earlier. This growth highlighted the increasing reliance on gold as collateral for meeting financial needs.

RBI said "Gold loans have clocked rapid