Gold Loans Helped Indians Weather COVID-19 Pandemic: World Gold Council

New Delhi [India], November 10 (ANI): The consumers in India used their gold holdings as collateral to fulfill their financing needs rather than outrightly selling it during the COVID-19 pandemic phase, revealed a report by the World Gold Council here on Tuesday.
The report titled "Gold loans help India weather the COVID-19 storm", stated that demand for gold loans during the pandemic phase remained strong, both through non-banking financial companies (NBFCs) and banks during the phase.