Gold Loan

NBFC Gold Loan – Short term pain, long term gain?

Nov 22 2016

India is known to possess large stocks of gold, estimated at about 11 percent of global gold stock. Over the past ten years, the value

India is known to possess large stocks of gold, estimated at about 11 percent of global gold stock. Over the past ten years, the value of gold in India has increased at a compounded average growth rate (CAGR) of 13 percent, outpacing the country's real gross domestic product, inflation and population growth by 6 percent, 8 percent and 12 percent respectively. India has one of the highest savings rates in the world (34 percent of GDP in FY10), of which one third is invested in gold.India is known to possess large stocks of gold, estimated at about 11 percent of global gold stock. Over the past ten years, the value of gold in India has increased at a compounded average growth rate (CAGR) of 13 percent, outpacing the country's real gross domestic product, inflation and population growth by 6 percent, 8 percent and 12 percent respectively. India has one of the highest savings rates in the world (34 percent of GDP in FY10), of which one third is invested in gold.India is known to possess large stocks of gold, estimated at about 11 percent of global gold stock. Over the past ten years, the value of gold in India has increased at a compounded average growth rate (CAGR) of 13 percent, outpacing the country's real gross domestic product, inflation and population growth by 6 percent, 8 percent and 12 percent respectively. India has one of the highest savings rates in the world (34 percent of GDP in FY10), of which one third is invested in gold.India is known to possess large stocks of gold, estimated at about 11 percent of global gold stock. Over the past ten years, the value of gold in India has increased at a compounded average growth rate (CAGR) of 13 percent, outpacing the country's real gross domestic product, inflation and population growth by 6 percent, 8 percent and 12 percent respectively. India has one of the highest savings rates in the world (34 percent of GDP in FY10), of which one third is invested in gold.

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