DUBLIN: Research and Markets has announced the addition of the "Gold Loan Market in India 2016 - 2020" report to their offering.
The Gold Loan Market in India is the biggest market in the world probably due to large demand of gold by Indians. Every year India imports around 900 tonnes of gold for consumption and it has the largest gold stock of 22000 tonnes which is privately held by domestic households and temples. The low income groups in India are the major customers of gold loan. The centuries-old practice of lending money against security of gold has been continuing in India in an unorganized manner. Farmers and peasants buy gold during the months of prosperity and stock it in the form of jewelleries and ornaments and then pledge it to the local money lender or pawn brokers during tough times to meet their financial requirements. This peculiar phenomenon in India has given rise to the gold loan market.
Spanning over 130 pages and 102 exhibits, the Gold Loan Market in India 2016-2020 report presents an in-depth assessment of the Gold Loan Sector from 2016 till 2020. The report has detailed...