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VERIFIEDET Finance·positive
Tata, Godrej and now Birla: Big groups aren't just chasing glitter
AI Summary
- ·Outstanding loans against gold jewellery are projected to reach Rs 3.3 lakh crore by May 2026.
- ·Tata Capital, Godrej Capital, and Aditya Birla Capital are expanding their presence in the gold loan market.
- ·Growth in the gold loan market is attributed to rising gold prices, strong demand, regulatory changes, and significant household gold holdings in India.