Kolkata: The price of gold has surged to hitherto unimaginable levels. With the surge in the price of gold, the value of gold loans disbursed in the country in the last financial year also surged. The gold loan market has both players from the organised and unorganised sectors. On the one hand, there are banks, non-banking financial companies and on the other there are numerous entities in the unorganised sector who have dotted the country’s gold loan canvas for decades and more.

The statistics are telling. According to reports, the amount of gold loans that banks have sanctioned in FY25 rose by more than 100% compared to the preceding financial year (FY24). While the cumulative value of........

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