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Augmont Triumphs at the 10th India International Bullion Summit with Four Prestigious Awards

Published

12 months ago

March 19, 2025

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Augmont Enterprises Pvt. Ltd. and Augmont Goldtech Pvt. Ltd. have been recognized for their prominent contributions to the bullion and digital gold industry at the 10th India International Bullion Summit (IIBS), hosted by the India Bullion and Jewellers Association (IBJA). The group secured honors across four key categories, reaffirming its leadership and commitment to innovation, transparency, and proficiency in the sector.

Augmont’s Award-Winning Achievements:

Best Bullion Dealer – Gold: Augmont Enterprises Pvt. Ltd. received this award for its market leadership, trust, and transparency in the gold bullion trading ecosystem. The company has been providing seamless bullion trading experiences, ensuring reliability and efficiency for traders and investors.
Best OTT Platform: Augmont Goldtech Pvt. Ltd. was recognized for its noteworthy digital gold investment platform, which enables investors to seamlessly buy, sell, and manage gold assets online.
Recognition for Best Verified Tag Holder: Augmont Enterprises Pvt. Ltd. earned this accolade for maintaining high standards of authenticity and verification in the bullion industry. By implementing thorough quality control measures, Augmont Enterprises Pvt. Ltd. aims to ensure that customers and investors receive only 100% verified and certified bullion products.
Best Bullion Research Report: Dr. Renisha Chainani, Head of Research at Augmont Enterprises Pvt. Ltd., was honored for her noteworthy research and strategic insights into the bullion market. Her deep market analysis and data-driven strategies have contributed to the bullion market forecasting, helping investors make well-informed decision.

“We are truly honored to receive these awards at the 10th India International Bullion Summit. At Augmont Enterprises Pvt. Ltd., we have always believed in the power of innovation, research-backed insights, and customer trust as the pillars of our operations. We believe that our aim to deliver excellence—whether in digital gold investments, bullion trading, or research—has helped us anticipate and meet customer expectations in an evolving industry. These recognitions are a reflection of our team’s dedication and our commitment to establishing ourselves as one of the notable entities in the bullion market. As we continue to grow, we remain committed to enhancing transparency, ensuring seamless transactions, and providing investors with distinguished solutions for gold investments,” said Ketan Kothari, Director, Augmont Enterprises Pvt. Ltd.

As one of the notable players in the bullion ecosystem, Augmont continues to empower investors with secure, transparent, and technology-driven gold investment solutions. With a focus on research-backed insights and advanced digital platforms, Augmont Enterprises Pvt. Ltd. is contributing to innovative ways in which India invests in gold.

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National News

Outstanding gold-backed loans surge by 128% from a year earlier

Published

7 hours ago

February 28, 2026

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India’s appetite for borrowing against gold is reshaping the country’s credit landscape. Outstanding gold-backed loans have surged 128% from a year earlier, crossing Rs.4 lakh crore ($48 billion) for the first time, according to data from the Reserve Bank of India. As of Jan. 31, loans secured by gold jewellery stood at Rs.4,00,517 crore, marking one of the fastest expansions in retail credit in recent years.

The boom in gold loans has helped propel overall non-food bank credit growth to 14.4% year-on-year. Personal loans now account for 34.5% of total bank lending, outpacing other segments and underscoring a broader shift toward consumer-driven credit expansion

Gold loans alone contributed roughly 9% of incremental bank credit during the period. Between January 2024 and January 2026, outstanding gold-backed credit rose by nearly Rs.3.1 lakh crore—an increase of about 338% over two years—more than quadrupling the size of the portfolio.

Two factors are driving the surge. First, gold prices have climbed roughly 152% over the past two years, increasing the collateral value of household holdings. Second, regulatory guidance requiring banks to classify loans secured by gold explicitly as gold loans has sharpened reporting and accelerated balance-sheet growth in the segment.

The trend highlights a distinctive feature of India’s financial system: households’ vast stock of physical gold, long viewed primarily as a store of wealth, is increasingly being mobilized as collateral for formal credit.

While personal lending and credit to nonbank financial companies within the services sector continue to expand rapidly, industrial credit remains uneven. Loans to micro, small and medium enterprises are growing steadily, but borrowing by large corporations has stayed relatively muted.

Since March 21, 2025, banks have added Rs.21.8 lakh crore to their non-food loan books, translating into 12% growth for the financial year to date. Yet it is gold—rather than factories or infrastructure—that is emerging as one of the most dynamic engines of India’s current credit cycle.