Macro / GNews Precious Metals Watch

NBFCs strike gold: Jewellery-backed loans jump 70%

Outstanding NBFC loans against gold jewellery surged by 69.9% to Rs 3.29 lakh crore by the end of May 2026 from Rs 1.94 lakh crore in May 2025, outpacing the 19.5% growth in overall retail loans, according to the latest Reserve Bank of India data.