Gold loans rising: should you take one?

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As individuals in the low-income category and small businesses continue to be hit by reduced earnings

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The gold loan business has been a booming segment for commercial banks and non-banking finance companies.

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With people pledging their gold jewellery for emergency cash

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Banks have reported a 45% jump in gold loan outstanding as of December 2021, since last year.

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As the business continues to boom

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