Gold Loan per gram are also termed as Loan to Value (LTV) and one of the popular criteria for borrower to select gold loan product of lending institutions. Gold Loan per gram rate is also linked to interest rate and purity of the Gold. One can avail maximum gold loan per gram if the purity of Gold in Karat is valued at higher Karat and vice versa. Maximum Gold loan per gram is offered for 24 Karat Gold and the per gram rate decreases with reduction in Karat of Gold. Gold Loan per gram is restricted to 75% as the Market value of Gold as per RBI regulation.
Financial institutions also charge lower rate of interest for lower rate per gram in order to encourage borrowers to pledge higher quantity of gold and de-risk their loan portfolio in case of any major gold price fluctuation takes place in global market.
Gold Loan per gram is determined based on the monthly, weekly or daily average of Gold price traded on global gold trading exchanges and subject to capping of 75% of the gold price computed by Institutions. Making charges of Jewelry are never factored into determining rate per grams.
Gold Loan Rates per 10 Gram from Top Banks and Gold Loan Finance companies Updated on curr_date:
Bank / NBFC
24 Karat Gold
22 Karat Gold
Below 22 Karat Gold
HDFC Bank Gold Loan
Rs. 1975 – Rs. 1693
* Data provided above are indicative and subject to change from time to time.