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The Ministry of Finance has written to public sector banks to reassess their gold loan procedures amid concerns over risky debt as gold prices surge, informed a senior official. This comes against the backdrop of a rise in gold loans year-on-year basis. Gold loans surged 17 per cent mirroring the 16.6 per cent increase in gold prices and loans against gold jewellery reached Rs 1.01 lakh crore as of January 26.