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Why are gold mortgage tenures growing throughout Covid?

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The pattern is anticipated to proceed and assist the organised gold mortgage market develop to $62.eight billion, or about Rs 4,61,700 crore, in 2021-22 from $47 billion in 2019-20.

Synopsis

An growing variety of enterprise homeowners and households are recognising gold loans as a supply of arranging long-term funds, which was fairly unusual beforehand.

Long-term gold mortgage is gathering tempo, as financial exercise picks up within the midst of the pandemic.An growing variety of enterprise homeowners and households are recognising gold loans as a supply of arranging long-term funds, which was fairly unusual beforehand as most such loans had been closed inside a 12 months, gold mortgage corporations stated.Kerala-based non-bank finance firm Indel Money has launched a gold mortgage product with a two-year tenure.Umesh Mohanan,

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