Bengaluru, June 9 -- The Reserve Bank of India (RBI) has announced new rules for gold loans, which are easier than what was planned earlier. These rules mainly help people take smaller loans, and Morgan Stanley has picked these two Gold Financing companies as its Top pick.

What is the New Gold Loan Update The new rules for gold loans have made borrowing more accessible, especially for smaller borrowers. For loans up to Rs. 2.5 lakh, borrowers can now receive up to 85 percent of the gold's value, including interest, compared to the earlier cap of 75 percent. Loans between Rs. 2.5 lakh and Rs. 5 lakh will have a maximum limit of 80 percent, while loans above Rs. 5 lakh will continue to have a 75 percent cap.

Additionally, small-ticket lo...