India's gold-based lenders see business boost from higher import tariffs
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Source: Nikkei Asia
Published: 2026-05-28 11:31 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: India, Trade & Sanctions, Commodities, Business & Economy, Asia Pacific
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Snippet:
A rise in the price of gold due to tariffs imposed in May will increase the loan amount that can be pledged against the value of the metal, thereby making gold-backed loans more attractive. © Reuters
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