Indians pawning gold lifts lender’s shares in reeling economy
Indian households, among the world’s biggest hoarders of the commodity, have been pawning gold ornaments with lenders like Muthoot to tide over a cash crunch as the pandemic led to job losses and a credit crunch. The long-standing practice has proved a win-win for all involved as gold prices surged to a record.
from Markets-Economic Times https://ift.tt/2DNLlFN
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