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India's Gold Loan Market Soars to 4 Trillion Rupees

3/19/2026

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Summary

Story summary

India's gold loan market is expanding, driven by a household gold reserve valued at about $5 trillion.
Reserve Bank of India (RBI) data shows gold loans rose to 4 trillion rupees in January 2026, with AUM projected to reach 15 lakh crore by March 2026.
Tighter rules on unsecured loans and higher gold prices boost gold as collateral.
Non-Banking Financial Companies (NBFCs) account for about 45%–50% of gold loan volume.

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Story summary

India's gold loan market is expanding, driven by a household gold reserve valued at about $5 trillion.
Reserve Bank of India (RBI) data shows gold loans rose to 4 trillion rupees in January 2026, with AUM projected to reach 15 lakh crore by March 2026.
Tighter rules on unsecured loans and higher gold prices boost gold as collateral.
Non-Banking Financial Companies (NBFCs) account for about 45%–50% of gold loan volume.