1 Savaran is Equal to How Many Grams

Discover the historical and current value of 1 Savaran gold and its importance in gold loans. Explore the advantages and how these rates affect your gold loan options.
APPLY
Gold loan
APPLY
3 mins
21 March 2025

Gold has a deep cultural and economic significance in India. Various units are used to measure gold, with "savaran" being a common one in southern India. One savaran, also known as one pavan or one sovereign, is a traditional unit that has been widely accepted and used in gold transactions.

This article aims to elucidate the weight of one savaran in grams, current market rates, tips for obtaining the best gold loan amount, advantages of gold loans, and steps to obtain a gold loan using one savaran gold.

Understanding the weight: 1 savaran in grams

One savaran is a widely recognized unit of gold measurement in India, especially in the southern regions. The term savaran refers to a fixed weight of gold, which is equivalent to 8 grams. This standardization allows for consistency in transactions and valuations. The use of savaran simplifies the buying, selling, and lending processes, as people are accustomed to this measure. Knowing that one savaran equals 8 grams is crucial for accurately assessing the value of gold, especially when considering gold loans or making purchases. This clear understanding helps in ensuring fair deals and accurate financial planning.

Current market rates for 1 savaran gold

The current market rates for one savaran of gold fluctuate based on various factors such as international gold prices, currency exchange rates, and local demand. As of June 2024, the price of gold per gram is approximately ₹7,320, making the price of one savaran (8 grams) around ₹58,560. It's important to note that these rates can vary slightly depending on the city and the specific market conditions.

Gold prices are influenced by several factors including geopolitical events, economic data releases, inflation rates, and central bank policies. For instance, during times of economic uncertainty or geopolitical tensions, gold prices tend to rise as investors seek a safe-haven asset. Additionally, the strength of the Indian Rupee against the US Dollar also impacts gold prices in India, as gold is traded internationally in US Dollars.

To stay updated on the latest gold prices, it is advisable to check reliable financial news websites or consult with local jewellers regularly. Keeping track of these fluctuations helps in making informed decisions whether you are buying gold or considering a gold loan.

Tips for getting the best loan amount for your gold

  • Assess purity and weight: Ensure your gold is pure and accurately weighed. Ensure your gold is pure and accurately weighed. The purity of gold, such as 22k or 24k, plays a significant role in determining the loan amount, with higher purity gold fetching better loan values.
  • Market rate monitoring: Keep an eye on current gold market rates to time your loan application for higher valuations.
  • Negotiate: Don't hesitate to negotiate terms and interest rates with lenders to secure the best deal.
  • Documentation: Ensure you have all necessary gold loan documents ready to streamline the loan process.

Advantages of gold loans against 1 savaran gold

  • Quick processing: Gold loans are processed quickly with minimal documentation, providing immediate access to funds.
  • Lower interest rates: Compared to unsecured loans, gold loans generally have lower interest rates. With Bajaj Finance, you can avail a gold loan at interest rate starting from just 9.50%* p.a.
  • High LTV ratios: Lenders offer high LTV ratios, allowing borrowers to get a substantial loan amount based on their gold’s value.
  • No credit score requirement: Gold loans don’t require a high credit score since the gold itself is the collateral.
  • Flexible repayment options: Borrowers can choose from various gold loan repayment options, including EMI, bullet repayment, and overdraft facility.
  • Retain ownership of gold: Despite taking a loan, the borrower retains ownership of their gold, which is returned upon repayment.
  • Multi-purpose loan: Gold loans can be used for any purpose, whether personal, medical, educational, or business needs.
  • Transparency: The process is transparent, with clear terms regarding the gold loan interest rate and other charges.

Steps to obtain a gold loan with 1 savaran gold

By following the steps below and understanding the benefits and requirements, you can efficiently secure a gold loan in to meet your financial needs.

  1. Click on ‘APPLY’ to open our online application form.
  2. Enter your 10-digit mobile number and click on ‘GET OTP.’
  3. Submit the OTP to verify your identity.
  4. Select your state and city to find the branch nearest to you.
  5. Enter your full name and date of birth as per your PAN.
  6. Set up your appointment at our branch.

Once done, you will receive a call from our representative to confirm your appointment and guide you on the next steps.

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

GET THE APP

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

Frequently asked questions

Can I use 1 Savaran gold for a gold loan?
Yes, you can use 1 savaran (8 grams) of gold for a gold loan. Lenders like Bajaj Finserv and other banks accept gold jewellery, including savaran, as collateral. The loan amount is based on the gold's weight and purity, with competitive interest rates offered. This process provides a quick and efficient way to secure funds without needing a high credit score, making it accessible for many borrowers​.
What is 1 Savaran gold?
1 savaran, also known as 1 pavan or 1 sovereign, is a traditional Indian unit of gold measurement equivalent to 8 grams. This unit is widely used in South India, especially in Tamil Nadu, for buying and selling gold. The term "savaran" is often used interchangeably with "sovereign" in local gold markets. Knowing this conversion is essential for accurate gold transactions and investments.
100 Savaran how many grams gold?
100 savaran of gold is equivalent to 800 grams. Since 1 savaran (also known as 1 pavan or 1 sovereign) is equal to 8 grams, multiplying 100 by 8 gives you the total weight in grams. This unit of measurement is commonly used in South India for gold transactions and investments.
How do I convert Savaran to grams?

To convert savaran to grams, remember that 1 savaran equals 8 grams of gold. This unit, commonly used in South India, is often referred to as "pavan" or "sovereign." Simply multiply the number of savarans you have by 8 to get the equivalent weight in grams. For example, 5 savarans would equal 40 grams of gold.

How does the Savaran compare to other gold measurement units?

The savaran is a traditional Indian gold measurement unit, equivalent to 8 grams. Compared to other units, such as grams, ounces (1 ounce equals approximately 31.1 grams), or troy ounces used internationally, the savaran is unique to India. It’s commonly used in local gold markets, especially in the southern states, where it serves as a culturally significant unit for gold purchases and investments.

How to calculate 1 gm Savaran gold price?

To calculate the price of 1 gram of savaran gold, divide the current gold price per savaran (8 grams) by 8. For precise calculation, you can use a gold rate calculator to check the current rates in the market and get accurate pricing. This tool helps ensure transparency and consistency when assessing gold prices based on fluctuating market conditions.

Show More Show Less

Related videos