Gold loan: Lenders cut tenure, watch collateral as price falls
Gold loans had boomed over the past year as small businesses tried to revive themselves from lockdowns by pledging family jewelry that’s a staple of almost all Indian households
Indian firms that lend against gold are cutting tenures and seeking more collateral to protect against the plunge in prices of the precious metal.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more