Gold price in India has risen to around ₹70,000 per 10 grams, matching historic highs seen a few years ago.
Surge driven by aggressive central bank buying, rupee depreciation, inflation, and geopolitical safe‑haven demand rather than retail consumption.
Rising gold values boost collateral for gold loans, prompting borrowers to seek financing from organized NBFCs like Muthoot Finance.
Lenders offer fast gold‑loan processing (under 60 minutes) but borrowers must compare interest slabs and ensure secure valuation methods.