Gold loans doubled in fiscal year 2025. They became the fastest-growing consumer credit. This growth surpassed housing, vehicle loans, and even credit cards. Reserve Bank of India data shows a significant increase in gold loan amounts. Rising gold prices and a crackdown on unsecured loans contributed to this surge. Banks also reclassified some agriculture loans as gold loans.
Onion prices rise 20% in past two weeks as rains damage crop
Pune’s onion prices have surged by approximately 20% in the last two weeks due to crop damage from heavy rains, leading to reduced market arrivals.
June 2, 2025