Gold loans jump 50% to Rs 19 lakh crore in FY26, outpacing all retail credit
Gold-backed lending became the fastest-growing retail credit segment in FY26, hitting Rs 19 lakh crore on record bullion prices. Total retail loans grew 17% to Rs 170 lakh crore, while auto originations fell 11.6% QoQ and two-wheeler loans dropped 22.1% post-festive.
What happened
Indian gold loan market · Gold loans surged 50% YoY to Rs 19 lakh crore by March, the fastest-growing retail credit segment, driven by record gold prices and
Key facts
- Rs 19 lakh crore gold loans
- 50% YoY growth
- Rs 170 lakh crore retail loans
- 17% YoY
- gold +36% USD
- auto loans -11.6% QoQ
- two-wheeler loans -22.1%
Why this matters
Evaluate acquisitions or partnerships with specialized gold-loan NBFCs and fintech originators to capture the fastest-growing retail credit pool before valuations reprice on the Rs 19 lakh crore milestone.