Traditional financiers and fintech upstarts alike are witnessing a surge in demand for gold loans, especially digitally.
“Indians love gold” is a line that is repeated ad nauseam in financial circles. The reasons for this are well documented, from tradition to perceived investment value to security. Over the decades, Indian households have built up gold worth $1-$1.5 trillion, or over Rs 100 lakh crore, worth of gold holdings, largely in the form of jewellery.
More recently, gold has in different ways become a hot topic. We wrote just last month about the new buzz in fintech circles around digital gold. At the same time, in the wake of the COVID-19 pandemic, another gold product has surged—the …
Arti is a former writer at The Morning Context. She previously worked with publications such as ET Prime, VCCircle, Firstpost and EETimes. Arti has keenly tracked the evolution of financial technology in India and written some of the defining pieces on the ecosystem as it birthed and matured. Even when not writing about it, she loves to dissect the revenue models, margins and regulations that are shaping the sector.
artisingh@mailtmc.com