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Gold rates jump today as IBJA pushes lending options to curb buying
Economy
Published on 12 May 2026
The industry wants households to earn, not hoard
Gold prices are rising on May 12, 2026, with major jewelers listing higher 22k rates. The move comes after a push to reduce gold purchases for a year to support India’s foreign exchange reserves. Now IBJA is urging policy changes to better use household gold, including allowing gold lending and borrowing to keep demand in check while unlocking value.
- 22k gold rates are climbing across major jewelers
- A yearlong push aims to reduce gold buying for forex support
- IBJA wants household gold used more productively
- Proposal includes gold lending and borrowing to unlock value
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times