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COVID-19 cases rise: Gold lenders concerned, increase collateral and tenure on loans © Smriti Chaudhary COVID-19 cases rise: Gold lenders concerned, increase collateral and tenure on loans Gold lenders are cutting tenures and seeking more collateral as the fear of defaults grips due to a fall in prices of the precious metal, amid rising infections in the country. Gold lenders have seen a growth in lending in the past year amid lockdowns as small businesses struggle to survive, Bloomberg said in a report, adding that market leader Muthoot Finance saw an increase in lending by 25 percent. Reportedly, the company holds more gold than the official reserves of Sweden and Singapore.

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