Gold loan market is experiencing unprecedented growth, with lending against gold jewellery reaching ₹2.94 lakh crore as of July 25, Moneycontrol reported, citing RBI data. This marks a 122% year-on-year increase from the last year. Gold prices jumped to hit fresh record highs on Monday. As per MCX website, gold futures with an October expiry date surged to ₹1,15,253/10 grams.