Indian households, putting on the world’s biggest personal stash of gold, are racing to borrow from their jewelry because the metal unturned to documents along with the coronavirus crab fuels an economic recession. Now, financial companies and banks are employing this need to lure more clients out of pawnbrokers and cash lenders.The added competition may lower borrowing costs to Indian customers, who in dire minutes of fiscal strain often pay exorbitant prices to casual lenders to use gold as security. Businesses like HDFC Bank Ltd. and Federal Bank Ltd. are enlarging the loans they create against the metal. India’s…