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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