Gold loan delinquencies nearly doubled in 5 months

GreyOak summary

India's gold loan market expanded to a record Rs 22.5 lakh crore by August 2026, but delinquencies for loans overdue over 90 days nearly doubled from 0.2% to 0.3% in five months. Lenders like Bajaj Finance and Piramal Finance warn that borrowers are using fresh gold loans to manage existing debt rather than for new needs, raising concerns about asset quality.