Gold loans may continue to remain in focus for lenders in the near term, backed by strong momentum already visible in sourcing volumes and rising ticket sizes, as secured lending gains prominence in India's retail credit market, according to a report by Experian.
The report showed that gold loan sourcing value more than doubled year-on-year to Rs 7.6 lakh crore in the fourth quarter of FY26, registering a 115 per cent rise, while assets under management (AUM) grew 47 per cent to Rs 11.9 lakh crore as of March 2026. Average ticket size also rose sharply to Rs 2.1 lakh from Rs 1.4 lakh in the year-ago period, indicating stronger traction in the segment.
The September 2026 silver futures contract also remained under pressure, declining 1.44% or Rs 3,991 to Rs 2,73,296 per kg, while the December 2026 contract slipped 1.57% or Rs 4,491 to Rs 2,81,228 per kg.
1 gm gold (22 kt): Rs 14,950
1 gm gold (24 kt): Rs 16,300
According to the All India Sarafa Association, the yellow metal of 99.9 per cent purity depreciated Rs 1,100 to Rs 1,61,300 per 10 grams (inclusive of all taxes) from Tuesday's closing level of Rs 1,62,400 per 10 grams.
Silver also weakened, falling Rs 3,300 to Rs 2,69,700 per kilogram (inclusive of all taxes). The white metal had settled higher at Rs 2,73,000 per kg in the previous session.
Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities, said investors are now awaiting the upcoming US Core Personal Consumption Expenditures (PCE) inflation data and GDP numbers, which could significantly influence Federal Reserve expectations and determine the near-term direction of bullion prices.