Gold loan outstanding in India rose 62% year-on-year to Rs 21.7 lakh crore as of June 2026, according to JM Financial, making it the fastest-growing segment of retail credit. Fresh disbursements moderated: they reached Rs 8 lakh crore, up 31% year-on-year but down 27% from the previous quarter, while the number of loans fell 4% to 3.7 crore. The average ticket size rose 37% to about Rs 2.17 lakh, so growth was driven mainly by value. The share of loans above Rs 5 lakh fell to 38.2% of origination value, while public sector banks' share rose to about 49.2% from 40.1%. The report noted that higher gold prices supported the expansion but did not separately quantify their contribution.
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