Madhya Pradesh Gramin Bank Gold Loan Per Gram Today is ₹ 72,800 to ₹ 78,350
| Gold Loan Interest Rate | 7% per annum |
|
Gold Loan Rate Per Gram
|
Rate Per Gram is ₹ 72,800 to ₹ 78,350 |
|
Processing Fee
|
0.75% of the Principal Loan Amount
|
| Maximum Loan Amount |
Up to Rs. 1 Crore (With Income Proof)
|
| Minimum Loan Amount |
70% LTV
|
|
Gold Prepayment Charges
|
2%+GST (Within 3 Months), 0 (After 3 months)
|
|
Gold Repayment Tenure
|
Up to 36 Months
|
|
Gold Repayment Scheme
|
Bullet Payment Scheme, Overdraft Scheme
|
Madhya Pradesh Gramin Bank in India offers the best gold loan financial products to its consumers. You can borrow money against your gold jewellery with this form of a loan. Even if you are unemployed, you have nothing to think about. Customers do not need to be salaried or self-employed to qualify for a gold loan. If you have the gold of a certain purity, you may take out a gold loan.
Gold Loan Calculator Madhya Pradesh Gramin Bank
Dialabank’s Gold Loan Calculator calculates the sum of gold loans you can get based on the factors below.
- The bank’s in-house assessor will estimate the purity and net weight of gold in your jewellery.
- The gold used in Madhya Pradesh Gramin Bank should have a purity of 18 to 24 carats.
- The bank would eliminate the weight of gems and stones from the total weight of the jewellery to calculate the net weight.
- The worth of your jewellery is calculated by multiplying the purity and net weight of the gold contained in it by the current gold price.
- To assess your jewel loan sum eligibility, the bank will use an LTV of up to 75%.
Madhya Pradesh Gramin Bank Gold Loan Rate Per Gram by Gold Purity
We still use gold to make our most precious possessions, such as wedding rings, Olympic medals, and money, in our culture and society today. When applying for a gold loan, all other stones, crystals, or metals added to the gold ornaments would be exempt from the valuation.
The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying purity.
Gold Purity
Gold Rate Per Gram- Average Of Past 30 Days
Highest Gold Loan Per Gram
Lowest Gold Loan Per Gram
22 carat
₹ 4,620
₹ 4,999
₹ 4,956
20 carat
₹ 3,939
₹ 4,178
₹ 3,795
18 carat
₹ 3,545
₹ 3,784
₹ 3,460
Madhya Pradesh Gramin Bank Gold Loan Rates Per Gram
The table below gives an estimation of the Madhya Pradesh Gramin Bank Gold Loan Per Gram offers to its customers.
Updated - Gold Loan Per Gram Rate w.e.f Jan 07 2025
Gold Weight
Gold Purity
24 CaratGold Purity
22 CaratGold Purity
20 CaratGold Purity
18 Carat
1 gram
4621
4290
3900
3510
10 gram
46210
42900
39000
35100
20 gram
93600
85800
78000
70200
30 gram
140400
128700
117000
105300
40 gram
187200
171600
156000
140400
50 gram
234000
214500
195000
175500
100 gram
468000
429000
390000
351000
200 gram
936000
858000
780000
702000
300 gram
1404000
1287000
1170000
1053000
400 gram
1872000
1716000
1560000
1404000
500 gram
2340000
2145000
1950000
1755000
Historical Gold Loan Rates Per Gram
This Table Contains the Average Annual Gold Rate from 1965 - 2022
Year
Price (24 karat per 10 grams)
Year
Price (24 karat per 10 grams)
2023
₹ 54,699
1994
₹ 4,598
2022
₹ 52,950
1993
₹ 4,140
2021
₹ 50,045
1992
₹ 4,334
2020
₹ 48,651
1991
₹ 3,466
2019
₹ 35,220
1990
₹ 3,200
2018
₹ 31,438
1989
₹ 3,140
2017
₹ 29,667
1988
₹ 3,130
2016
₹ 28,623
1987
₹ 2,570
2015
₹ 26,343
1986
₹ 2,140
2014
₹ 28,006
1985
₹ 2,130
2013
₹ 29,600
1984
₹ 1,970
2012
₹ 31,050
1983
₹ 1,800
2011
₹ 26,400
1982
₹ 1,645
2010
₹ 18,500
1981
₹ 1,800
2009
₹ 14,500
1980
₹ 1,330
2008
₹ 12,500
1979
₹ 937
2007
₹ 10,800
1978
₹ 685
2006
₹ 8,400
1977
₹ 486
2005
₹ 7,000
1976
₹ 432
2004
₹ 5,850
1975
₹ 540
2003
₹ 5,600
1974
₹ 506
2002
₹ 4,990
1973
₹ 279
2001
₹ 4,300
1972
₹ 202
2000
₹ 4,400
1971
₹ 193
1999
₹ 4,234
1970
₹ 184
1998
₹ 4,045
1969
₹ 176
1997
₹ 4,725
1968
₹ 162
1996
₹ 5,160
1967
₹ 103
1995
₹ 4,680
1966
₹ 84
1994
₹ 4,598
1965
₹ 72
Gold Loan Per Gram Rate Comparison for Major Banks
Tips to getting Best Gold Loan Amount Per Gram from Madhya Pradesh Gramin Bank
- The bank can accept either hallmarked or non-hallmarked jewellery for a gold loan.
- On the other hand, some banks charge lower transaction fees for hallmarked gold jewellery.
- Borrowing against higher purity gold will get you a lot more money when it comes to a gold loan.
- The simplest jewels are favoured, with the fewest gems and stones. Many banks will deduct the weight of gems and stones from the actual weight of the jewellery.
- The Bank would not approve jewellery made of gold that is less than 18-carat pure.
- The RBI helps the bank in estimating the amount of gold loan you owe by using a total LTV of up to 75%.
GOLD LOAN @ 0.75%*
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Example: The loan sum is determined by the purity of gold, the LTV, and the weight of gold. Assume Mr Ram and his two mates, Mr Kesav and Mr Ashwith, each own differing quantities of gold of various purity. Mr Ram owns 70 grammes of gold with an 18-carat purity. Mr Kesav has 60 grammes of gold that is 20 carats pure, while Mr Ashwith has 50 grammes of gold that is 22 carats pure. They apply for a gold loan. The price used to determine their gold loan sum eligibility based on a maximum LTV of 75% would vary depending on the purity of gold, resulting in different gold loan eligibility.
| Carats / Weight Of Gold | Gold Weight (In Gm) | Purity Of Gold (In Carat) | Gold Loan Eligibility |
| Mr Ram | 70 | 18 | ₹ 2.60 Lakhs |
| Mr Kesav | 60 | 20 | ₹ 2.48 Lakhs |
| Mr Ashwith | 50 | 22 | ₹ 2.27 Lakhs |
Mr Ashwith, who has the smallest gold weight of 50gm, will receive the lowest gold loan rate of 2.27 Lakh from the Bank, as seen in the illustration above. Since Mr Ram has more gold weight, the Bank will give him the highest gold loan sum of Rs 2.60 lakh in the same example.
Madhya Pradesh Gramin Bank Gold Loan Per Gram FAQs
✅ What is Madhya Pradesh Gramin Bank Gold Loan scheme?
Madhya Pradesh Gramin Bank gold loan is a scheme that provides a loan against your gold. Any person in need of quick lump sum money can avail of this facility that is offered by Madhya Pradesh Gramin Bank and other leading banks and non-banking financial companies. The current rate for Madhya Pradesh Gramin Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.
✅ How much Gold Loan can I get per gram in Madhya Pradesh Gramin Bank?
Madhya Pradesh Gramin Bank Gold Loan Per Gram Depends upon the weight and purity of your gold. Madhya Pradesh Gramin Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.
✅ How is Madhya Pradesh Gramin Bank Gold Loan Per Gram calculated?
The Madhya Pradesh Gramin Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Madhya Pradesh Gramin Bank Gold Loan Per Gram interest rate is then calculated based on several factors: loan amount, loan tenure, relationship with the lender, and loan to value ratio.
