Loan-Against-Gold Market Booming in India
Source: ANI (8/1/11)
"The availability of gold in Indian households and low odds of consumers defaulting on loans has the country's loan-against-gold market growing."
The easy availability of gold in Indian households and the minimum chance of consumers defaulting on loans, is making the loan-against-gold market grow in the country. The gold loans market now valued at 7.95-9 billion dollars is set to grow manifold as more financial institutions and banks enter the lucrative business. . .View full article