News > Public sector banks asked to reassess gold loan process amid debt risk concerns

Public sector banks asked to reassess gold loan process amid debt risk concerns

Gold loans surged by 17 per cent mirroring the 16.6 per cent increase in gold prices and loans against gold jewellery reached Rs 1.01 lakh crore as of January 26. All India Gem and Jewellery Domestic Council (GJC) anticipate that gold prices likely reach a historic peak of Rs 70,000 per 10 grams in the coming year amid ongoing global economic uncertainties and geopolitical tensions will drive.