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Priyant Dhrangdhariya

Head of Finance @ Th...ย โ€ขย 1y

Indiaโ€™s Gold Loan Market: A Glittering Opportunity The Sparkling Growth: Bajaj Finserv Ltd., a diversified NBFC, predicts Indiaโ€™s gold loan marketโ€”valued at $55.52 billion in 2022โ€”will soar to $124.45 billion by 2029. A 12.22% annual growth fuels this ascent. Gold Bonds vs. Gold Loans: RBIโ€™s gold bonds lack the magic of gold loansโ€”they canโ€™t infuse gold into the money supply. Gold loans, like alchemists, bridge liquidity and tradition. House of Golden Reserves: India holds 27,000 tonnes of gold, with 5,300 tonnes pledged as collateralโ€”20% of the treasure. Informal Frontier: 65% of this market thrives outside formal channels. Could your idea formalize it? Become the next Muthoot Finance! ๐ŸŒŸโœจ

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