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Indian gold loan companies reports rise in robbery cases during Pandemic Gold loan providing companies like Mannapuram and IIFL record frequent rise in robberies; lack of proper security found to be the main cause. Representational Image | 16 Dec 2020 10:12 AM GMT New Delhi: Over eight cases of gold robbery amounting to 70 crores have been reported in the last two years by the country s leading gold loan providers/companies such as Manappuram Finance, Muthoot Finance and Indian Infoline (IIFL). With the onset of COVID-19 pandemic, various other attempts were also made in several states as the country witnessed hike in gold prices, leading to 25% surge from Rupees 43,251 an ounce at the end of last year. Reports have it that most of these successful or unsuccessful attempts take place because of little or no security, although Companies like Manappuram denied this cause referring to the sophisticated security and vigilance systems they have employed. Even the ....