Industry experts say that people are not just buying gold and waiting for the price to increase; they are “renting” out the metal.

Amid the rising gold prices , some wealthy investors are reportedly “renting out” the gold bars which are kept in their vaults. They are leasing them to jewellers, fabricators, and refiners for interest.

“We’ve got a whole bunch of phone calls with people saying, I have $2 million of gold bars, I have a million dollars-worth of gold bars. Can you lease it out for me?” founder of SafeGold, Gaurav Mathur, told CNBC.

“What’s changed very substantially in the last few months is that a lot of the wealthier customers have now got comfortable with leasing.” He added that the leasing volume at his company has substantially increased from $2 million to $40 millio

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