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What the sharp decline in gold price means for PE-backed gold loan companies

By Bruhadeeswaran R

  • 15 Apr 2013
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What the sharp decline in gold price means for PE-backed gold loan companies

Gold loan firms, who have been experiencing growth pangs, are now facing heavy headwinds as the bullion price has dipped from the recent peaks, thus shrinking the value of collateral and putting a question mark over the growth prospects in the coming quarters.Gold prices on Monday tumbled further by Rs ......

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