Non-banking financial companies (NBFCs) experienced a significant 68.5 per cent year-on-year growth in gold-backed credit in July 2026, while banks saw their gold loan growth moderate to 88.1 per cent from 136.4 per cent a year prior, according to RBI data.
Investors should cap gold allocation at 10-15 per cent and consider staggered purchases through gold ETFs.
Jammu and Kashmir Chief Minister Omar Abdullah congratulated Paralympics medallist Sheetal Devi for winning a gold medal at the World Archery Para Series Stage III in Ahmedabad. The 19-year-old from Kishtwar also secured a bronze in the mixed team event, making the nation proud.
Former Asian Games gold medallist Shiv Kapur expresses strong confidence in India's golf squad for the upcoming Aichi-Nagoya Games, stating that anything less than a gold medal would be a disappointment given the talent pool. He highlights the potential of both men's and women's teams, including top players like Aditi Ashok and Diksha Dagar, to end India's long wait for a golf gold. The article also touches upon the healthy competition between Indian golf leagues.
India's men's recurve and compound teams clinched twin gold medals at the World Archery Para Series (Stage III) in Ahmedabad.
India secured two gold, two silver, and one bronze medal on the penultimate day of the World Archery Para Series (Stage III) in Ahmedabad. The men's compound and recurve teams clinched gold, while Swati Chaudhary earned two medals, a silver and a bronze.
Gold loans accounted for 41 per cent of retail loan disbursements in FY26, up sharply from 18 per cent in FY23 and 20 per cent in FY24.
Kerala's Ancy Sojan clinched the women's long jump title at the Indian Athletics Series Final, expressing strong confidence for the upcoming Asian Games where she aims to win gold and experience the national anthem on the podium.
The Indian women's hockey team has departed for the Asian Games in Japan, aiming to win the gold medal and secure a direct qualification spot for the 2028 Los Angeles Olympic Games.
Indian squash players Abhay Singh and Anahat Singh have received high seedings for the upcoming Asian Games, positioning them as strong contenders for gold medals. Their performance is crucial as singles winners will secure direct qualification for the 2028 Los Angeles Olympics, significantly raising the stakes for the Indian contingent.
At 22, Ariha Pangambam from Manipur created history by winning the first ever individual gold for India in aerobic gymnastics at the Asian championships.
India's junior pickleball team finished fourth, and the kids' team secured a silver medal at the Pickleball World Cup in Da Nang, Vietnam. The Open and Masters teams reached the quarter-finals, while Purvansh Patel won gold and Veer Shah won bronze in individual singles categories.
Indian pugilists Arundhati Choudhary and Jaismine Lamboria, both Commonwealth Games 2026 gold medallists, shared their experiences and overwhelming reception following their historic victories in Glasgow, with Choudhary setting her sights on an Olympic medal.
Olympic gold medallist javelin thrower Arshad Nadeem is embroiled in a controversy with the Pakistan Sports Board (PSB) for travelling to South Africa for training without obtaining a No Objection Certificate (NOC). This unapproved travel could impact his participation in upcoming international competitions like the World Ultimate Athletics Championship and the Asian Games.
Gold prices in India extended their losing streak, falling by Rs 1,500 to Rs 1,60,900 per 10 grams, influenced by hawkish remarks from Federal Reserve Chair Kevin Warsh and rising oil prices, which have increased expectations of an interest rate hike.
International table tennis player Swastika Ghosh, a Commonwealth gold medallist, was felicitated by the University of Mumbai for her role in India's gold-winning campaign at the 2026 Commonwealth Table Tennis Championships. She has also been selected for the Shri Shiv Chhatrapati State Sports Award and the 2026 World Table Tennis Championships.
Former Asian Games gold-winning heptathlete Swapna Barman has been provisionally suspended by the National Anti Doping Agency (NADA) after testing positive for the banned anabolic-androgenic steroid Boldenone. Barman, who recently announced her retirement, won gold at the 2018 Jakarta Asian Games and represented India in the 2016 Olympics.
Indian table tennis player Ankur Bhattacharjee achieved a significant milestone by winning his first WTT men's singles title and a doubles gold with Akash Pal at the WTT Feeder Olomouc tournament. Bhattacharjee defeated Slovenian Deni Kozul in the singles final and, alongside Pal, secured the doubles title against Hungarian and Polish opponents.
Double Olympic pole vault champion Mondo Duplantis has released "Gold," the official anthem for World Athletics' inaugural Ultimate Championship. The track, written and performed by Duplantis, is now available on major streaming platforms and will be the signature soundtrack for the event in Budapest, featuring top athletes competing for a $10 million prize fund.
Indian steeplechase athlete Avinash Sable details his arduous journey back to fitness after an ACL and meniscus injury in July 2025, which forced him to miss the Commonwealth Games. Despite a challenging recovery period filled with self-doubt, Sable has trained intensely at high-altitude facilities and the SAI Smart Track, expressing strong confidence in retaining his Asian Games 3000m steeplechase gold in 2026. He is set to compete in his first steeplechase event in a year, affirming his readiness for the upcoming continental challenge.
Bank credit to industry in India surged by 20 per cent year-on-year in July, significantly accelerating from the previous year, driven by strong expansion in sectors like engineering, gems and jewellery, and petroleum-related industries, according to the Reserve Bank of India (RBI). However, growth in gold loans, while still expanding, saw a sharp moderation.
Under bullet repayment, the principal remains outstanding and unpaid interest raises the liability over time. This makes the LTV ratio more vulnerable to a sharp fall in gold prices.
Aditya Birla Capital has entered the gold loan business, aiming to establish 1,000 branches within three years, capitalising on the strong structural growth and surge in demand for gold-backed credit in India.
The Indian fencing team achieved remarkable success on the third day of the Commonwealth Championship in Lagos, Nigeria, securing three gold, one silver, and one bronze medal in senior individual events. This impressive performance boosted India's overall medal tally to 29, including 8 gold, 7 silver, and 14 bronze, showcasing the nation's growing dominance in the sport.
Gold futures experienced their seventh consecutive daily decline, falling to Rs 1.5 lakh per 10 grams, driven by escalating military exchanges between the US and Iran which have pushed oil prices higher and intensified concerns over inflation and potential interest rate hikes.
India's Mayank Chakraborty and Pratitee Bordoloi secured gold medals in the Open and Girls categories, respectively, at the Asian Junior Classical Chess Championship, leading the host nation to a memorable double victory and a total of four medals.
Kajal Dhochak clinched her second consecutive U20 World title in wrestling, while teammates Tanu Sharma and Savita secured silver medals at the Under-20 Wrestling World Championship.
On National Sports Day, political leaders including Defence Minister Rajnath Singh, Congress President Mallikarjun Kharge, and several Chief Ministers paid tribute to hockey legend Major Dhyan Chand and lauded Indian sportspersons for their contributions to the country.
Prime Minister Narendra Modi lauded India's 7.8 per cent GDP growth, achieved despite global conflicts and instability. He emphasised the importance of Swadeshi and self-reliance for a developed India by its 100th year of Independence, urging citizens to avoid unnecessary foreign expenditures.
Ariha Pangambam from Manipur has made history by becoming the first Indian to win a gold medal in the senior women's individual event at the Aerobic Gymnastics Asian Championships. The 22-year-old gymnast expressed pride in her achievement, hoping to inspire young athletes, and shared insights into the challenges faced during the competition, including adapting to a wooden floor, and her journey from artistic to aerobic gymnastics.
Gold and silver prices are anticipated to maintain a positive trajectory in the coming week, with market volatility expected to remain high due to ongoing developments in West Asia and upcoming global economic data, particularly the Federal Reserve's FOMC meeting minutes.
Indian judoka Yamini Mourya reflects on her 2026 Glasgow Commonwealth Games silver medal, expressing her belief that a single mistake cost her the gold medal she had envisioned.
Durgapur's Aaleina Sen, an Under-11 karateka, won a gold medal in Kumite and a bronze in Kata at the 20th All India Independence Cup Karate Championship.
Ariha Pangambam has achieved a historic milestone by becoming the first Indian to win a gold medal in the senior women's individual event at the Aerobic Gymnastics Asian Championships. She secured the top spot with a score of 19.100, marking India's maiden gold in this event.
Tripura's Asmita Dey, the first Indian judoka to win a Commonwealth Games gold, was grandly felicitated by the state government. She received a Rs 10 lakh cheque and a plot of land in Agartala, with Chief Minister Manik Saha highlighting her inspiring journey and urging her to focus on the upcoming Asian Games.
Abhinav Bindra, India's first individual Olympic gold medallist, reflected on the 18th anniversary of his historic win at the Beijing Olympics, stating, 'Life since has taught me that the spaces between the peaks matter just as much.'
Commonwealth Games gold-winning boxer Arundhati Chaudhary received an overwhelming welcome in her hometown of Kota, Rajasthan, after her stellar performance in Glasgow, where she defeated world championship bronze-winner Chantelle Reid and defending champion Rosie Eccles.
Commonwealth Games bronze medallist Selva Prabhu attributes his failure to secure a gold medal in Glasgow to food poisoning, stating that a performance near his personal best would have been sufficient for the top spot. He is now focused on qualifying for the upcoming Asian Games.
Commonwealth gold medalist para-athlete Dilip Gavit was reportedly unable to meet MNS chief Raj Thackeray in Nashik despite waiting for nearly two hours, according to his coach.
Indian bridge players Sagnik Roy and Sayantan Kushari secured a gold medal in the Under-31 Pairs category at the 9th World Youth Transnational Championships held in Hefei, China, outperforming 34 other pairs.
