{"id":1526,"date":"2024-05-10T17:45:42","date_gmt":"2024-05-10T12:15:42","guid":{"rendered":"https:\/\/sahibandhu.com\/?p=1526"},"modified":"2024-05-10T17:45:42","modified_gmt":"2024-05-10T12:15:42","slug":"gold-loan-rate-per-gram-as-per-gold-carat","status":"publish","type":"post","link":"https:\/\/manipalfintech.com\/blog\/2024\/05\/10\/gold-loan-rate-per-gram-as-per-gold-carat\/","title":{"rendered":"Understanding Gold Loan Rate Per Gram As Per Gold Purity"},"content":{"rendered":"

A gold loan may be a dependable option in times of financial difficulty or a pressing need for cash, giving access to funds swiftly and safely. The gold purity & weight of pledged jewelry directly impact the gold loan rate per gram and ROI. To get the highest value of your gold assets, it’s important to comprehend gold loan rates per gram. This thorough book seeks to make sense of this idea and provide you with the information you need to make wise choices.<\/span><\/p>\n

What is the rate per gram for gold loans?<\/span><\/h2>\n

When you get a <\/span>loan against gold jewelry<\/span><\/a>, the loan amount depends on gold\u2019s value. Gold rates are mapped in per gram or tola. Similarly, gold loan amounts are also decided by the per-gram rate of gold at that time.<\/span><\/p>\n

Lenders use it as a metric to calculate how much to lend you depending on the weight and purity of your gold.<\/span><\/p>\n

For example, if you pledge 10 grams of 22K gold jewelry and the gold rate per gram is \u20b9 6500 for 22K gold. According to RBI guidelines, you can only get up to 75% loan of the total gold value.\u00a0<\/span><\/p>\n

\u00a0So, for 10 grams, your loan amount at 6500 per gram gold rate will be 48,750 \u20b9 ( 6500*10\/100*75). Please note, that the quality of your gold determines the rate per gram; more purity yields a higher rate, and lower purity yields a lower rate.<\/span><\/p>\n

Gold purity<\/span><\/a> plays a significant role in determining the loan value or rate per gram. Different karatages or purities of gold have distinct rates. For example, the most common purities are 22K and 18K gold. Typically, 22K gold may fetch high rates per gram compared to 18k gold. This difference in rates of loan amount is due to the varying gold content in each purity level.<\/span><\/p>\n

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Apply now to get an instant doorstep gold loan<\/h6>\n

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Factors Impacting the Rates on Gold Loans<\/span><\/h2>\n