Due to such a high bounce in the gold rate, people are meeting their needs by taking gold loans to take advantage. However, women have more share in taking gold loans. Loans are getting more due to so much increase in the price of gold.

There is a huge increase in the number of women taking loans across India. According to a report in NITI Aayog, TransUnion CIBIL, and MicroSev Consulting, it was reported that women are taking more loans day by day. Between 2019 and 2024, women taking gold loans have increased by 6 percent. By 2024, 36 percent of all loans taken by women were gold loans, while in 2019 the figure was only 19 percent.

A gold loan is a favorite option.

Gold loans have become preferred due to the need for minimum paperwork compared to other loan types. Its easy way is, which makes it a good choice for many people. In addition, as gold prices rise, borrowers can get more money than before instead of their gold property.

Women from small cities and villages are about 60 percent of those taking loans. This reflects the growing trend of using loans for personal and business purposes in women. The increase in loans related to business shows that more women are eager to set up their businesses. In addition, awareness about maintaining good credit scores in women is increasing.

Will the price of gold increase even further?

The price of gold is expected to increase continuously. Donald Trump’s tariff policies have increased concerns about potential trade wars due to increasing trade tension. In response, countries like China and Canada have announced tariffs on American goods. Experts suggest that such trade war stress may promote more investment in gold, which may further increase its price.

This trend reflects the importance of understanding the move of the market and also how global events can affect local financial decisions. More and more people are turning to gold as a safe investment, its demand and results may continue to increase its price.