Gold loans surge 128% to ₹3.38 lakh crore, RBI data shows

Gold loans in India have jumped sharply, with outstanding loans rising by 128.5% year-on-year to ₹3.38 lakh crore in October 2025, according to RBI data. This rapid growth shows borrowers increasingly choosing secured credit over unsecured loans. By October, gold loans accounted for nearly one-quarter of all net personal loan growth, helping push total retail credit to ₹64.56 lakh crore.