What the sharp decline in gold price means for PE-backed gold loan companies

What the sharp decline in gold price means for PE-backed gold loan companies

By Bruhadeeswaran R

  • 15 Apr 2013
Premium

Gold loan firms, who have been experiencing growth pangs, are now facing heavy headwinds as the bullion price has dipped from the recent peaks, thus shrinking the value of collateral and putting a question mark over the growth prospects in the coming quarters.Gold prices on Monday tumbled further by Rs ......

This is a Premium article. Please subscribe or log in to read the full story!

Here's a selection of our recent premium content.

Already a member? Click here to log in.