Demand for gold in India for Q2 2019 was at 213.2 tonnes up by 13 % as compared to overall Q2 demand
Budget 2019 has resulted in expected spurt in the prices of precious metal
Interest rates are falling worldwide, slipping even negative, on back of low bond yields and dropping inflation.
The gold loan industry is growing around 12-15 per cent and MPG has grown around 16 per cent in 2018-19.
The company’s overall growth last year was between 25-30% with the gold loan sector.
Total jewellery demand in India for 2018 was also down by 1% at 598 tonnes as compared to 601.9 tonnes in 2017.