According to a recent report by TransUnion CIBIL, the Indian gold loan market is witnessing increased delinquency rates, particularly among borrowers with larger and multiple loans. The report indicates that borrowers with outstanding amounts exceeding ₹2.5 lakh (approximately $3,000 USD) have a delinquency incidence of 1.5%, which is about 2.2 times higher than those with lower amounts. Notably, 46% of these borrowers hold more than five loans, which further heightens their risk of default. As the gold loan segment expands, now accounting for 11% of India's retail credit portfolio—up from 5.9% in March 2022—lenders are urged to balance growth with prudent risk assessment. The average gold loan amount has surged to ₹1.96 lakh from ₹90,000 since April 2022, reflecting a growing trend of higher borrower leverage. TransUnion CIBIL's managing director, Bhavesh Jain, emphasizes the importance of evaluating borrowers' total indebtedness and repayment capacity beyond just collateral strength.