Gold loans power India's retail credit surge, RBI reports 42% CAGR
The RBI’s latest Financial Stability Report shows gold loans have become the fastest‑growing retail credit segment, expanding at a 42.4% CAGR since March 2024—almost double the growth of all non‑housing retail loans. The boom, driven by higher gold prices, now accounts for about 5.8% of total outstanding loans, signalling rising consumer reliance on secured borrowing.