India Gold Loan Market expand at a CAGR of 12.22 percentage from 2024 to 2030

The 𝐈𝐧𝐝𝐢𝐚 𝐆𝐨𝐥𝐝 𝐋𝐨𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 size was valued at USD 62.30 Billion in 2023 and the total India Gold Loan Market is expected to grow at a CAGR of 12.22% from 2024 to 2030, reaching nearly USD 139.64 Billion.

𝐈𝐧𝐝𝐢𝐚 𝐆𝐨𝐥𝐝 𝐋𝐨𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The gold loan market in India operates on a secured loan model, where gold jewelry is pledged as collateral to obtain a loan. The borrower must repay the loan, including interest, within a defined term, typically ranging from 6 months to 1 year. If the borrower fails to repay, the lender has the right to seize the pledged gold. India is one of the largest gold markets globally, with households owning more than 27,000 metric tonnes of gold. This vast amount of gold presents an untapped market opportunity of INR 65 trillion, far exceeding the current INR 6 trillion that is being leveraged by the organized sector. While there is heightened competition from banks and fintech companies, both traditional financial institutions and new-age players, such as fintech platforms, continue to expand their market share, taking advantage of the increasing demand for gold loans.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐒𝐞𝐞 𝐭𝐡𝐞 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲: https://www.maximizemarketresearch.com/request-sample/213911/

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐈𝐧𝐝𝐢𝐚 𝐆𝐨𝐥𝐝 𝐋𝐨𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:

Several factors are driving the expansion of the gold loan market in India. The country's deep-rooted cultural affinity with gold, combined with its status as a global leader in gold consumption, positions gold as a widely accepted form of collateral. As more people seek quick and accessible credit, gold loans provide a valuable alternative to traditional loans, especially for individuals in rural areas with limited access to formal financial services.

The rising middle class and increasing disposable incomes, particularly in smaller cities and rural regions, have contributed to a growing demand for gold loans. Furthermore, gold's role as a safe-haven asset during times of economic uncertainty has reinforced its appeal. Financial inclusion efforts, such as the expansion of banking networks and the availability of digital gold loan platforms, have also made it easier for customers to access loans.

𝐈𝐧𝐝𝐢𝐚 𝐆𝐨𝐥𝐝 𝐋𝐨𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The gold loan market in India is evolving, with several emerging trends shaping its future trajectory. Digitalization is one of the most significant developments, as online gold loan platforms are increasingly becoming popular for their convenience and accessibility. These platforms allow borrowers to apply for loans with minimal documentation, fast processing, and competitive interest rates, making them a convenient option for urban and rural customers alike. Another notable trend is the shift from the unorganized sector to the organized market. As gold loans from moneylenders and pawnbrokers lose appeal due to high-interest rates and lack of transparency, more borrowers are turning to banks and Non-Banking Financial Companies (NBFCs) that offer structured and regulated products.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐓𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.maximizemarketresearch.com/inquiry-before-buying/213911/

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 & 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬: 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝐉𝐚𝐩𝐚𝐧'𝐬 𝐌𝐢𝐳𝐮𝐡𝐨 𝐁𝐚𝐧𝐤 𝐄𝐱𝐩𝐚𝐧𝐝𝐬 𝐢𝐧𝐭𝐨 𝐈𝐧𝐝𝐢𝐚 𝐯𝐢𝐚 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐇𝐃𝐅𝐂 𝐁𝐚𝐧𝐤
Japan's Mizuho Bank has formed a strategic partnership with HDFC Bank to enhance gold loan offerings in the Indian market. The collaboration focuses on technology-driven gold loan services that cater to both urban and rural populations.

𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚'𝐬 𝐊𝐄𝐁 𝐇𝐚𝐧𝐚 𝐁𝐚𝐧𝐤 𝐄𝐧𝐭𝐞𝐫𝐬 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐆𝐨𝐥𝐝 𝐋𝐨𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐢𝐭𝐡 𝐚 𝐍𝐞𝐰 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧
South Korea's KEB Hana Bank has expanded its footprint in India by acquiring Rupeek, a fast-growing fintech company that specializes in gold-backed loans. This acquisition aims to enhance KEB Hana's market share and leverage Rupeek's digital platform to reach more customers.

𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐌𝐨𝐯𝐞𝐦𝐞𝐧𝐭𝐬: 𝐁𝐍𝐏 𝐏𝐚𝐫𝐢𝐛𝐚𝐬 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧𝐬 𝐈𝐧𝐝𝐢𝐚𝐧 𝐆𝐨𝐥𝐝 𝐋𝐨𝐚𝐧 𝐏𝐫𝐞𝐬𝐞𝐧𝐜𝐞
BNP Paribas has announced a strategic investment in Shubhloans, a major Indian gold loan lender. The investment aims to expand BNP's operations in India and further grow the digital loan segment, offering quicker and more accessible loans to Indian customers.

𝐔𝐒𝐀'𝐬 𝐈𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞: 𝐖𝐞𝐥𝐥𝐬 𝐅𝐚𝐫𝐠𝐨 𝐀𝐜𝐪𝐮𝐢𝐫𝐞𝐬 𝐌𝐚𝐣𝐨𝐫𝐢𝐭𝐲 𝐒𝐭𝐚𝐤𝐞 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚'𝐬 𝐆𝐨𝐥𝐝 𝐋𝐨𝐚𝐧 𝐋𝐞𝐚𝐝𝐞𝐫
In a groundbreaking move, Wells Fargo has acquired a majority stake in Laxmi Gold Loan Ltd. This acquisition marks the American bank's first significant push into the Indian lending market, focusing on gold-backed loans as an alternative to traditional banking products.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨? 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐘𝐨𝐮𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.maximizemarketresearch.com/request-sample/213911/

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐈𝐧𝐝𝐢𝐚 𝐆𝐨𝐥𝐝 𝐋𝐨𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭:

by Market Type

Organized
Unorganized

by Type of Lenders

Banks
NBFCs
Others

by Application

Investment
Collecting

𝐖𝐡𝐨 𝐢𝐬 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬 𝐨𝐟 𝐈𝐧𝐝𝐢𝐚 𝐆𝐨𝐥𝐝 𝐋𝐨𝐚𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐰𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞?

1. Axis Bank of India
2. Central Bank of India
3. Federal Bank Limited
4. HDFC Bank Limited
5. ICICI Limited
6. Kotak Mahindra Bank Limited
7. Manappuram Finance Limited
8. Muthoot Finance Limited
9. State Bank of India
10. Union Bank of India
11. India Infoline Finance Limited
12. Canara Bank
13. Bank of Baroda
14. Punjab National Bank
15. Nitstone Finserv
16. Attica Gold Company
17. Rupeek Gold Loans
18. Reliant Gold Loan
19. Indian Overseas Bank
20. Tamilnad Mercantile Bank
21. Punjab and Sind Bank
22. Bajaj Finserv
23. NBFCs
24. UCO Bank
25. Karnataka Bank

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐢𝐬 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐥𝐞𝐚𝐬𝐞 𝐕𝐢𝐬𝐢𝐭: https://www.maximizemarketresearch.com/market-report/india-gold-loan-market/213911/

𝐊𝐞𝐲 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬:

Past Market Size and Competitive Landscape
India Gold Loan Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
India Gold Loan Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞: 𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 𝐟𝐨𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

♦ Business Email Compromise Market https://www.maximizemarketresearch.com/market-report/business-email-compromise-market/188537/

♦ Rhodium Market https://www.maximizemarketresearch.com/market-report/rhodium-market/191678/

♦ Plastic Additives Market https://www.maximizemarketresearch.com/market-report/global-plastic-additives-market/21769/

♦ Global Cytokinins Market https://www.maximizemarketresearch.com/market-report/global-cytokinins-market/91394/

♦ Global Smart Glass and Smart Window Market https://www.maximizemarketresearch.com/market-report/global-smart-glass-and-smart-window-market/28975/

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