National News
MMTC-PAMP unveils Lord Shiva 50gm silver bar. A timeless tribute to cosmic power and devotion
MMTC-PAMP unveils 50g Lord Shiva Silver Bar in 999.9+ purity, blending Swiss craftsmanship with India’s spiritual artistry
MMTC-PAMP, India’s only London Bullion Market Association (LBMA) accredited Good Delivery gold & silver refiner, is proud to launch the Lord Shiva 50 grams 999.9+ purity Silver Bar, an exceptional collectible that celebrates the timeless devotion to Lord Shiva, a deity deeply revered in Hinduism.
This silver bar is a spiritual masterpiece, a visual embodiment of Lord Shiva’s cosmic power, serenity, and divine guardianship. Crafted with the Finest Swiss Craftmanship blended with India’s rich artistic heritage, the front side of the bar showcases Lord Shiva seated in a meditative pose amid a celestial backdrop. His aura radiates calm strength as he cradles the planet Earth in his hand, symbolizing his role as the protector and creator of balance in the universe. Surrounding him are cosmic elements like galaxies, planets, sacred symbols such as the Trishul and Damru, and intricately designed motifs representing the boundless energy of Shiva.
The reverse side of the bar is engraved with the revered Sanskrit shloka,
“कर्पूरगौरं करुणावतारं संसारसारं भुजगेन्द्रहारम्। सदा वसंतं हृदयारविन्दे भवं भवानीसहितं नमामि॥ “
This sacred verse is a meditative chant invoking the peaceful yet transformative energy of Lord Shiva and Goddess Parvati, symbolizing their divine union of strength and compassion. The mantra is lined by motifs of Mount Kailash and the Trishul, symbols associated with the Mahadev, further enhancing the cultural and spiritual resonance of the bar.

Speaking on the launch, Samit Guha, Managing Director & CEO at MMTC-PAMP said, “We are delighted to announce the launch of Lord Shiva Silver Bar. The bar is a sacred convergence of spirituality, art, and precious metal. Crafted for this festive season, which is one of the most spiritually significant periods in our culture, this collectible serves as a reminder of devotion, peace, and transformation. We are proud to offer our customers a symbol that goes beyond investment, it is a spiritual heirloom.”
The Lord Shiva 50gm Silver Bar stands out for its spiritual resonance as a powerful symbol of divine protection, inner peace, and universal harmony. It is a true convergence of art and divinity, featuring premium craftsmanship and thoughtful design. Minted in 999.9+ pure silver, the bar carries timeless value, both in material and message. Each bar is securely sealed in MMTC-PAMP’s newly designed, Assayer-certified Certicard packaging, which not only guarantees authenticity and positive weight tolerance but also enhances its appeal as a collectible and a meaningful gift.
MMTC-PAMP’s Lord Shiva Silver Bar is a proud celebration of India’s rich spiritual heritage, brought to life through intricate design and positive weight tolerance. This bar is the latest addition to MMTC-PAMP’s growing portfolio of devotional and spiritual collectibles, which includes the Sone Ki Chidiya gold coin, Char Dham Silver Coin Series, Laddoo Gopal 50gm Silver Bar, Ram Lalla 50gm Silver Bar, Ram Lalla 10gm Gold Bar, the Ganesh Laxmi 10 gm Silver Coin, the Char Dham Coin Set and many more. Each of these offerings reflects MMTC-PAMP’s commitment to blending faith, culture, and precious metals into meaningful heirlooms for collectors and devotees alike.
Every product created by MMTC-PAMP goes through a rigorous purification process to ensure 999.9+ the purity of the metal. To validate the authenticity, every MMTC-PAMP product carries a unique number and comes packaged in Assayer Certified Minted Cards. Each gold and silver product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar one buys weighs more than the listed weight, ensuring customers receive the highest value for their investment. MMTC-PAMP products are available at their exclusive stores, leading jeweller partners, online marketplaces such as Amazon and Flipkart.
National News
Outstanding gold-backed loans surge by 128% from a year earlier
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.
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