As unsecured loans dried up post-lockdown and during the moratorium, borrowers have moved to gold loans; local gold prices have hit a record high, surpassing the psychological market ceiling of Rs 50,000 per 10 gram. Even some banks are preferring gold as collateral in sanctioning even working capital loans.source https://economictimes.indiatimes.com/industry/banking/finance/small-borrowers-raise-their-loan-targets-as-gold-prices-shoot-through-the-roof/articleshow/77138119.cms
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