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Story 422 Aug 2026· The Economic Times

Tata, Godrej and now Birla: Big groups aren't just chasing glitter

India's gold loan market is attracting major conglomerates like Tata Capital, Godrej Capital, and Aditya Birla Capital. Outstanding loans against gold jewelry reached ₹3.3 lakh crore by May 2026, driven by rising gold prices and a shift towards secured retail credit.

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