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Surge in gold prices and its impact on gold financing business
Highlights
“The surge in gold prices facilitates margin of safety in our business. Also, the customers are benefitted as they can get more loan in the same quantity of gold collateral.
“The surge in gold prices facilitates margin of safety in our business. Also, the customers are benefitted as they can get more loan in the same quantity of gold collateral.
The much-awaited monsoons and the underlying surged gold prices will positively create the rural demand and also the SME loans.”
By :George Alexander Muthoot, Managing Director, Muthoot Finance Ltd
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