National News

Loans against gold surge 128.5% year-on-year to Rs. 3.38 lakh crore

According to the latest RBI data, outstanding gold-backed loans surged 128.5% year-on-year to ₹3.38 lakh crore as of October 2025, and grew 63.6% since March 2025.

Published

6 months ago

November 29, 2025

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Loans against gold jewellery are emerging as the strongest driver of retail credit growth, outpacing all other personal loan categories by a wide margin. According to the latest RBI data, outstanding gold-backed loans surged 128.5% year-on-year to Rs. 3.38 lakh crore as of October 2025, and grew 63.6% since March 2025.

This sharp rise means that nearly one-fourth of all new additions to banks’ personal loan books in the past year came from gold loans alone, underscoring a clear shift in consumer borrowing preferences toward secured, asset-backed credit.

A key factor behind this jump is the May 2024 reclassification, where agricultural loans secured against jewellery were moved into the retail gold-loan category, aligning with regulatory norms. However, even beyond reclassification, demand for loans against jewellery continues to gain momentum due to their speed, flexibility, and lower interest rates compared to unsecured options.

Secured Loans Lead Retail Credit

The broader retail credit ecosystem continues to favour secured lending:

Housing loans grew 11% to Rs. 31.87 lakh crore
Vehicle loans rose 12.5% to Rs. 6.77 lakh crore
Education loans increased 14.7% to Rs. 1.49 lakh crore

In contrast, unsecured credit showed muted growth:

Consumer durable loans grew just 1%
Credit card outstanding rose 7.7%
Other personal loans increased 9.9%

The slowdown in unsecured lending further strengthens the position of gold loans as a dependable, collateral-backed credit option for households, small businesses, and farmers.

Bank Credit Growth Supported by Retail Demand

Overall bank credit grew 11.3% year-on-year to Rs. 193.9 lakh crore, with personal loans remaining the strongest pillar. Services, NBFCs, and MSMEs also contributed significantly to non-retail credit expansion.

A Structural Shift Toward Gold-Backed Finance

The rise of loans against jewellery signals a structural trend:
Indian consumers are increasingly leveraging idle household gold to meet financial needs—without resorting to costlier unsecured borrowing. As banks deepen their gold-loan portfolios with better processes and digital onboarding, this segment is set to remain a high-growth, low-risk driver in the retail credit landscape.

Related Topics:2025 internationalnews jewelbuzz Jewelbuzz Magazine RBI

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National News

Harit Zaveri Jewellers Celebrates A Bride’s Royal Spirit In An Indian Wedding With Its New Polki Collection

A Celebration Of Regal Femininity, Heirloom Craftsmanship, and The Refreshing Depth Of Emeralds.

Published

1 day ago

June 4, 2026

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June 2026 A bride’s jewellery is never merely ornamental, it carries sentiment, memory, and the quiet power of tradition. With its newest Polki Collection, Harit Zaveri Jewellers introduces a refined take on royal Indian bridal jewellery, thoughtfully designed for the modern bride who embraces heritage while expressing her individuality with confidence and grace.

Crafted between 18kt to 14kt gold and enriched by Emeralds, Harit Zaveri Jewellers Polki collection celebrates a bride in her most transformative moment – poised between reflection and becoming. Every jewellery piece in the collection is designed to accompany her through this pause.

At the heart of the collection lies the richness of polki craftsmanship – raw, uncut diamonds admired for their old-world charm and regal appeal, long associated with royal Indian heirlooms. Paired with vivid emeralds, known to symbolise renewal, harmony, love, and abundance, the collection brings together heritage and elegance. The richness of green emeralds adds depth and freshness, creating jewels that feel both classic and strikingly modern.

The collection features an expansive range of statement and versatile pieces including necklaces, kadas, rings, earrings, and bridal sets, thoughtfully embellished with emeralds, pearls, and polki detailing.

This collection from Harit Zaveri Jewellers compliments classic reds and heritage weaves to contemporary ivories, pastels, and couture silhouettes. Whether layered with a traditional lehenga, paired with a modern sari drape, or styled for intimate pre-wedding celebrations, these pieces seamlessly adapt while elevating every bridal look with a quiet majesty.

These pieces are envisioned as modern heirlooms, where meticulous craftsmanship, precious materials, and timeless artistry come together to create pieces worthy of being passed down through generations.

Harit Zaveri, Joint Managing Director at Harit Zaveri Jewellers said:

“At Harit Zaveri Jewellers, we have always believed bridal jewellery should feel personal, something that reflects a bride’s story and individuality. Many of our clients naturally gravitate towards one-of-a-kind pieces that resonate with their personality and become part of their memories for years to come. With this Polki collection, we wanted to celebrate craftsmanship with the richness of emeralds, a stone that beautifully complements a variety of bridal colours and effortlessly completes a look. Above all, quality remains at the heart of everything we create because we believe jewellery should feel as enduring as the memories and moments attached to it.”