National News
Platinum Jewellery Sparkles as the Modern Choice for Akshaya Tritiya
Symbolising purity, strength, and timeless elegance, platinum emerges as a popular pick for celebrating prosperity and new beginnings this festive season.
As India prepares to celebrate Akshaya Tritiya on April 30, a festival known for ushering in prosperity and fresh starts, many are turning to platinum jewellery to mark the occasion with meaning and style.
Traditionally seen as a time to invest in gold and other symbols of wealth, Akshaya Tritiya is now witnessing a shift as contemporary consumers seek out choices that reflect both heritage and modern values. Platinum — with its naturally white sheen, 95% purity, and resistance to tarnish — is being embraced as a powerful emblem of enduring wealth and spiritual purity.
Reflecting the timeless essence of the festival, platinum jewellery is available in a variety of collections designed to resonate with today’s lifestyle. Women can explore graceful, modern designs through Platinum Evara, men can find strength and character in Men of Platinum, and couples can celebrate their bond with Platinum Love Bands, crafted to honour life’s significant milestones.
Each piece bears the hallmark “Pt 950,” certifying its high purity and enduring value. As a metal that stands the test of time, platinum offers more than just visual appeal — it embodies the lasting emotional and material richness that Akshaya Tritiya represents.
With its blend of tradition and innovation, platinum jewellery continues to shine as a meaningful and lasting way to celebrate this auspicious day — a gift of love, resilience, and prosperity to treasure for generations.
National News
Lenders flag signs of stress in gold loans
Banks and financial companies have been rushing to offer these loans, believing that holding a borrower’s physical gold makes the investment safe and low-risk
Two major Indian companies—Bajaj Finance and Piramal Finance—are seeing early signs of trouble with gold loans. Over the past year, lending money against gold has been the fastest-growing part of their business.
Banks and financial companies have been rushing to offer these loans, believing that holding a borrower’s physical gold makes the investment safe and low-risk.
According to official data from the Reserve Bank of India:
Bank gold loans jumped 83% compared to last year, reaching 5.6 trillion rupees.
Non-bank gold loans grew 69%, rising to 3.6 trillion rupees.
Although overall default rates are still low, both companies are urging caution.
Bajaj Finance, which holds 240 billion rupees ($2.54 billion) in gold loans, reported an increase in late payments during its July–September results. The portion of loans overdue by 30 days or more (classified as ‘stage 2’ and ‘stage 3’ assets) rose by 15 basis points compared to the previous quarter.
The lender said overall assets classified as ‘stage 2’ and ‘stage 3’, which reflect loans overdue by more than 30 days rose 15 basis points compared to a quarter ago.
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