Editorial in BS- Gold loans [1] One in every four to five borrowers took a gold loan to repay other loans [2] Thus the new loan is unlikely to improve the borrower’s ability to repay [3] Gold loans are now about 5.6 trillion as of August 31 [4] Share of housing loans in household borrowing is declining [5] However debt servicing burden on households could affect overall consumption and growth in the medium term [6] This could also have repercussions for household savings with implications for overall investments in the economy– Courtesy BS