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gold-backed borrowing

The New Gold Rush: How Pledging Jewellery Became The Middle Class’ Credit Card

October 3, 2025 by Admin
The New Gold Rush: How Pledging Jewellery Became The Middle Class’ Credit Card

Last Updated:October 03, 2025, 12:21 IST Urban professionals in Bengaluru, Chennai and Mumbai are pledging jewellery at pawn shops and banks for quick, low-interest loans, making gold a new middle-class safety net. Gold, long considered a family’s safety net, is once again proving its worth, this time not in rural …

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