For the majority of Indians, gold is one form of investment in which most would like to invest but only a minority do. In other words, the Indian gold loan market is still evolving and has a long way to go to reach its full potential. It is a personal loan against collateral. This means that you will be provided with a loan based on your jewelry as security. The concept of gold loans has been around in India for a long time, but the phenomenon is picking up rapidly. The total amount of credit granted against gold jewelry, as reported by banks, rose from around Rs 34,000 crore at the end of March 2020 to nearly Rs 61,000 crore in 2020-21. These figures were released by the Reserve Bank of India and showed that the amount had risen again by a fifth to around Rs 74,000 crore at the end of March 2022. This is a promising sign for the country's economy, especially when it's weathering a slowdown and seeking to become less dependent on traditional exports.

The industry took off for reasons that seem obvious—there was pent-up demand among non-urban and non-metro customers for gold. There was also a perception of security when one puts a part of their savings into gold, especially in an environment marked by job losses, dowry, and extortion (in some cases).

About The Course

The Indian gold loan market is growing with every passing day; this is because, for the people of India, gold is more than a luxury asset. They use it in many religious ceremonies as well as in their daily lives. This makes the market grow with each passing day.  Certificate Course in Indian Gold Loan Market, its Consumers & Market Size will introduce the students to the world of the Gold Loan Market in India along with the related aspect to it. This course will give them an overview of the entire Gold Loan Market, the gold loan application process, the History of Gold loans, How gold loans can benefit people, why people need to go for a gold loan, how could you describe the benefits related to it to the customer and many more aspects related to the gold loan industry. By getting certified through this course, you can secure a stable career in the field of the Indian Gold Loan Industry. 

Indian Gold Loan Sector

Gold loans have an old history. They evolved as an alternative mode of transaction to carry out business transactions when the banking system was not present.

The Indian gold loans sector is fast growing and offers interest rates as high as 24% on gold loans. These are loans offered in the non-formal banking sector, with institutions often working within the local community, making repayments less of a problem than if taking a bank loan from one of the traditional institutions.