Bank loans against gold jewellery spike 130% in FY26

India?s loans against gold jewellery are soaring. According to data from RBI?s latest Handbook of Statistics, outstanding bank credit under loan against gold jewellery stood at Rs 4.61 lakh crore in FY26, up from Rs 2 lakh crore in FY25 and marking a spurt of 130%. The credit under this category has spiked around 417% over last three-years.

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