Punjab and Sind Bank Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350
| Punjab and Sind Bank Gold Loan Per Gram Today | Gold Loan Rate Per Gram Today is ₹ 3,800 to ₹ 4,350 |
| Eligible Age | 18 to 75 years |
| Loan Amount Eligibility | Rs. 1,000 to Rs. 2 Cr |
| Documents Required | Basic KYC documents for address and identity proof. No income documents and no CIBIL score documents are required. |
| Purity of Gold | 18 carat to 22 carat |
| Type of Gold | Gold jewellery and gold coins of 18-24 carats |
| Loan to Value | 75% of the gold ornament’s market value |
Punjab and Sind Bank Gold Loan per gram rate is ₹ 3,800 to ₹ 4,350. The rate of interest offered for a gold loan is 7% per annum. You can avail up to Rs. 1 crore using this gold loan provided you submit your income proof. The loan tenure is extremely flexible and goes up to 36 months, and that is approximately 3 years. They also have various repayment schemes such as bullet payment schemes and overdraft schemes.
Punjab and Sind Bank Gold Loan Calculator
Dialabank’s Punjab and Sind Gold Loan Calculator gives you an estimate of the amount of gold loan you can avail of based on the following factors.
Net Weight & The Purity of The Gold Being Pledged: The bank will use its in-house valuer to assess the purity and net weight of gold in your jewellery. Gold used in the jewellery should be of purity of 18 to 24 carats. The bank will also reduce the weight of gems and stones from the jewellery to calculate the net weight of the jewellery. The valuer will give his findings in writing. - Price of gold: Once the valuer estimates the purity and net weight of gold in your jewellery, the bank will multiply it with the price of gold to calculate the value of gold.
- Loan to Value Ratio: Once the value of jewellery is calculated, The Punjab and Sind Bank will apply an LTV of up to 75% to calculate your jewel loan amount eligibility.
Punjab and Sind Bank Gold Loan Rate Per Gram by Gold Purity
The following table gives you an approximate estimation of Punjab and Sind Bank Gold Loan Per Gram offers to the customers for the gold jewellery of different purity levels.
| 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 |
The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying purity.
Punjab and Sind Bank Gold Loan Rate Per Gram
The table given below shows the Punjab and Sind Bank Gold Loan Rate Per Gram- updated Oct 07 2024
Updated - Gold Loan Per Gram Rate w.e.f Oct 07 2024 |
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| Gold Weight | Gold Purity 24 Carat |
Gold Purity 22 Carat |
Gold Purity 20 Carat |
Gold 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 Rate Per Gram
Indians are known to be one of the largest consumers of gold because this metal has so much value that it constitutes a significant amount of the total imports into the nation. Indians prefer spending their money and buying assets, but they consider buying gold the safest investment.
| 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 |
Major Banks’ Gold Loan Rate Per Gram Comparison
| Feature | HDFC Bank | SBI |
Muthoot Finance
|
| Interest Rate | 9.90% onwards | 7% onwards | 12% onwards |
| Min Loan Amt | Metro : 25000, Non : 15000 | 25000 | 15000 |
| Max Loan Amt | 1 Cr | 1 Cr | 1 Cr |
| Loan Tenure | 3 months to 24 months | 9 months to 24 months |
1 month to 24 months
|
| Processing Fee | 0.25% to 1.50% of the Loan Amt | 0.25% to 1.50% | Nil |
| Pre-closure Charges | 2%, Nil foreclosure charges after 3 months | 2%, Nil foreclosure charges after 9 months | Nil |
| Overdraft Facility | Yes | Yes | Yes |
| Pay Only Interest Facility | Yes | Yes | Yes |
| Gold Rate Per Gram | 3066 | 3073 | 3073 |
Tips to Get The Highest Gold Loan Amount from Punjab and Sind Bank
- The bank is asked to adjust the price of 22-carat gold for purity of gold. Hence, always try to borrow against higher purity jewellery as it will fetch you the highest amount for a gold loan.
- The Punjab and Sind Bank will then calculate the net weight of your jewellery to determine the amount of loan against the gold you can get. Make sure you try to choose jewellery that has minimum gems and stones. Most of the banks will reduce the weight of gems and stones from the total weight of the jewellery. They only take the weight of the gold into consideration, and you would get the amount for the loan based on that.
- Always try to get the maximum LTV on the value of gold. The Punjab and Sind Bank is allowed by RBI to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.
GOLD LOAN @ 0.75%*
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ILLUSTRATION: The loan amount eligibility is decided on the basis of purity of gold, LTV and weight of gold. Suppose Mr A and his two friends Mr B and Mr C, own different amounts of gold with varying purity. Mr A has 70 grams of gold with a purity of 18 carats. Mr B has 60 grams of gold with a purity of 20 carats, and Mr C has 50 grams of gold with purity or 22 carats. They approach The Punjab and Sind Bank to avail themselves of a gold loan.
The price applied to calculate their gold loan amount eligibility based on a maximum LTV of 75% will vary by the purity of gold, resulting in varying gold loan eligibility.
Punjab and Sind Bank Gold Loan Per Gram FAQs
✅ What is the Punjab and Sind Bank Gold Loan scheme?
Punjab and Sind 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 Punjab and Sind Bank and other leading banks and non-banking financial companies. The current rate for Punjab and Sind Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.
✅ How much Gold Loan can I get per gram in Punjab and Sind Bank?
Punjab and Sind Bank Gold Loan Per Gram Depends upon the weight and purity of your gold. Punjab and Sind Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.
✅ How is Punjab and Sind Bank Gold Loan Per Gram calculated?
The Punjab and Sind Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Punjab and Sind 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.
