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Glitter online: Increased digitisation is remoulding India's gold loan biz

The WGC expects that with gold-loan NBFCs expanding their branch networks and making greater use of technology, the organised gold-loan market could reach Rs 4.62 trillion ($62.8 billion) in 2021-22

Topics
gold loans | Gold Prices | greater digitisation

T E Narasimhan  |  Chennai 



Photo: Reuters
Gold loan NBFCs are also revolutionising the industry by introducing business models founded on Internet of Things-based eLockers | Photo: Reuters

The gold financing business in India is undergoing a major transformation, whose main driver is increased use of technology for faster loan processing, accurate gold valuation, safekeeping, auctions and cost-cutting.

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First Published: Mon, December 14 2020. 06:10 IST

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