Increase in Gold loans is an indirect indication that the people do not have proper employment, steady income and are forced to pledge / sell their family silver / Gold to sustain themselves. In a way it is a positive sign to track the wealth in the form of gold with the masses and the Government can think of having a GOLD BANK to find the much needed resources to put the economy on fast track.

( This comment appeared in Business standard dated 8/11/2020 against the article ' Gold Loan Glitter for Banking').

Dr    T V Gopalakrishnan