Indians are turning in their gold for cash and loans—but this may not be a sign of household distress
Mint has reported a new India-focused economy development: “Indians are turning in their gold for cash and loans—but this may not be a sign of household distress.” The publisher's feed describes the story as follows: Even large Indian jeweller chains like Kalyan and Tanishq are offering customers cash for their old gold, even as RBI data shows an upswell in gold loans. Does this reflect financial distress—or an attitudinal shift that could work in favour of the economy? Intellectual Janata Par
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