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Gold loans surge fivefold in two years as banks expand jewellery-backed lending quickly
Economy
Published on 30 April 2026
RBI data shows jewellery loans growing fastest
Bank lending against jewellery has jumped nearly fivefold to ₹4.6 lakh crore by end-March, up from ₹93,301 crore two years ago. The RBI data also shows 123% year-on-year growth, the fastest among all sectors, highlighting a sharp shift toward using gold as quick credit when cash needs rise.
- Jewellery-backed bank loans reached ₹4.6 lakh crore by end-March
- Growth nearly fivefold from ₹93,301 crore in two years
- RBI records 123% year-on-year expansion, fastest among sectors
- Gold loans are increasingly used for quick borrowing
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times