New Delhi, Oct. 8 -- The organised gold loan market in India is projected to reach the Rs 15 trillion mark by March 2026, a year ahead of earlier expectations, according to credit rating agency ICRA. The surge is attributed primarily to the sustained uptrend in gold prices, which have scaled record highs in recent months.

ICRA now estimates that the market size of organised gold loans could further increase to Rs 18 trillion by FY2027.

"ICRA foresees the NBFC GL AUM to expand by 30-35 per cent in FY2026, considering elevated gold prices and lower growth in the unsecured loan products, which are also generally targeted at the same borrower segments. Further, diversification by players into this space and a sizeable estimated free gold-ho...