Gold Loan Per Gram Today is ₹ 4,621 – Last Updated Jul 01 2021
| Gold Loan Per Gram Today Rate | Gold Loan Rate Per Gram Today is ₹ 4,621 |
| Eligible Age | 18 to 75 years |
| Loan Amount Eligibility | Rs. 1,000 to Rs. 5 Crore |
| 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 jewelry and gold coins of 18-24 carats |
| Margin in Gold Loan for the Bank | 25% of the gold ornament’s market value |
- Gold Loan Per Gram Rate Today for 24 carat Gold is ₹ 4,621
- Gold Loan Per Gram Rate Today for 22 carat Gold is ₹ 3,409
- Gold Loan Per Gram Rate Today for 18 carat Gold is ₹ 3,329
- With Dialabank, Compare and check eligibility online to get the best offers on the Gold Loan per gram interest rate.
- RBI has decided to increase the Gold Loan Per Gram value ratio from 75% to 90%.
Gold Loan Per Gram – SBI, Manappuram, Muthoot, HDFC, Axis, Yes Bank & IIFL
| Bank / NBFC | Rate Per Gram | Interest Rate | Gold Loan Tenure | Min – Max Loan Amount |
| HDFC Gold Loan | ₹ 3,506 to ₹ 4,621 | 9.90% | 3 to 24 months | ₹ 10 thousand to 5 crore |
| Private Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.00% | 6 to 12 months | ₹ 10 thousand to 5 crore |
| Muthoot Finance Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.00% | 7 days to 36 months | ₹ 3 thousand to 1 crore |
| Manappuram Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.25% | 12 months | ₹ 3 thousand to 1 crore |
| Canara Bank Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.25% | 36 months | ₹ 20 thousand to 50 lakh |
| Axis Bank Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.00% | 3 to 36 months | ₹ 10 thousand to 5 crore |
| SBI Gold Loan | ₹ 3,506 to ₹ 4,621 | 9.75% | 12 to 36 months | ₹ 20 thousand to 50 lakh |
| Indian Bank Gold Loan | ₹ 3,506 to ₹ 4,621 | 7.50% | 3 to 36 months | ₹ 20 thousand to 50 lakh |
| Bank of Baroda Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.25% | 12 months | ₹ 20 thousand to 50 lakh |
| Yes Bank Gold Loan | ₹ 3,506 to ₹ 4,621 | 10.25% | 12 months | ₹ 10 thousand to 5 crore |
| IIFL Gold Loan | ₹ 3,506 to ₹ 4,621 | 12.00% | 11 months | ₹ 3 thousand to 50 lakh |
About Gold Loan Per Gram Rate
Gold is one of the most celebrated metals in our country. That is, a large number of people own Gold in the form of ornaments. Over the years, ornaments of Gold which were first bought as a tradition in our country are now purchased as security that can be exchanged or pledged in times of need. Therefore, this the reason why the service of Gold Loan has become one of the fastest-growing services in contrast to other financial products.
Are you facing any financial crises? Or you are finding difficulties in managing your daily needs? If yes! Then, overcome all these problems by using your gold ornaments lying idle at home for availing of a gold loan. To avail of a Gold Loan, you have to put ornaments of Gold in the bank as collateral in return for money. As soon as you repay the loan amount, the applicant is given back the jewelry in the same shape. Also, Gold Loan is one of the best financial services available in the market, due to the low Gold Loan Interest Rate.
Gold Loan Rate Per Gram as Per Gold Purity
The gold loan per gram is calculated using the total weight of the jewelry provided, the purity level of the object, the past 30 days’ average price of 22-carat gold, and the loan to value given by your bank. The highest gold loan per gram taken against 22-carat gold amounts to Rs. 3,409 per gram, according to the current or today’s gold prices. The last 30 days’ key variables are needed to calculate the rate of the gold loan per gram.
- The 30-day average price of 22-carat gold, which must be adjusted for purity level before being multiplied by LTV.
- The average price of 22-carat gold over the last 30 days is shown in the table below as of Jul 01 2021.
| Gold Purity | 30 Days Avg. Gold price | Maximum LTV | Gold Loan per gram |
| 24 carat | 44,630 | 75% | 4,621 |
| 22 carat | 40,570 | 75% | 3,409 |
| 18 carat | 36,526 | 75% | 3,329 |
If you take a loan against 10 grams of 18-carat gold, however, you will be eligible for a lower rate of the gold loan per gram of jewelry. As shown in the table above, if you take a loan against 18-carat gold, you will be eligible for a gold loan of Rs. 3,329 per gram of gold.
A gold loan per gram rate of Rs. 3,409 per gram is available if you take out a loan against 22-carat gold.
What is a Gold Loan?
You want to get a Gold Loan, but you are facing a problem in understanding how much amount of Gold Loan can be availed with the quantity of Gold you are having? If yes, then you can clear this confusion by knowing how much Gold Loan can be availed by a per gram of Gold. The Gold Loan per Gram of different banks is detailed below.
Benefits of Taking a Gold Loan
