How to check 24 carat gold purity in Lucknow?
Check the purity mark and the hallmark details first. 24 carat gold is 99.9% pure, and its BIS mark is 999, which means 999 parts of pure gold in 1,000.
Check these marks and records:
- The BIS logo.
- The purity mark 999.
- The six-digit Hallmark Unique Identification (HUID) code on hallmarked jewellery.
- The purity certificate and invoice for coins and bars.
Verify the HUID with the BIS Care app. Colour, shine and magnet tests cannot confirm 24 carat purity, because other metals can copy them. For loose or unhallmarked gold, ask a BIS-recognised hallmarking centre or the lender's valuer for a test. An X-ray fluorescence (XRF) scan reads purity without damaging the piece.
What factors determine 24 carat gold prices in Lucknow?
The 24 carat gold price in Lucknow follows global and local factors. The table shows how each factor moves the price.
| Factor | Effect on the 24 carat price in Lucknow |
|---|
| Global economic conditions | Economic uncertainty and geopolitical tension raise demand for gold as a safe asset |
| Demand and supply | Higher demand against steady mining and recycled supply lifts the international price |
| Interest rates | Falling rates lower the cost of holding gold, and the Reserve Bank of India (RBI) policy rate also shapes local conditions |
| Inflation rates | High inflation raises demand for gold as a store of value |
| Rupee exchange rate | A weaker rupee raises the cost of imported gold |
| Import duty and GST | The duty rose from 6% to 15% on 13 May 2026, and GST of 3% applies at purchase |
| Monsoon and festive seasons | Rural income after the monsoon, and demand during Diwali and the wedding season, lift local buying |
Last updated: October 2026
See why gold rates decrease for the drivers behind falls in the price.
What should I consider before buying 24 carat gold in Lucknow?
Check these five points before you buy 24 carat gold in Lucknow:
- Purity: confirm the BIS mark 999, plus the purity certificate or HUID code.
- Rate and charges: compare today's rate from the table with any making or minting charge at two or more sellers.
- Invoice: ask for an itemised bill that separates gold value, charges and GST, and keep it as proof of purchase.
- Buy-back policy: confirm the resale terms and storage options in writing.
- Purpose: 24 carat gold suits investment in coins and bars, but it is too soft for most daily-wear jewellery.
The trade-off is purity against usability. 24 carat gold holds the most gold per gram, but it scratches and bends easily, and it carries a higher price per gram.
How does GST affect 24 carat gold prices in Lucknow?
GST adds 3% to the total value of gold, and it has applied since 1 July 2017. The Central Board of Indirect Taxes and Customs (CBIC) states that for jewellery the 3% covers the making charge, whether it appears separately or not.
Worked example. A 24 carat coin with a base value of Rs. 1,00,000 attracts GST of Rs. 3,000. With an assumed minting charge of 2% (Rs. 2,000), GST of 3% on Rs. 1,02,000 is Rs. 3,060, so the total is Rs. 1,05,060. These figures are assumptions for illustration, and each seller sets its own charge.
Coins and bars are not free of making or minting charges, so ask the seller for the figure and an itemised invoice.
Can I get a gold loan against 24 carat gold in Lucknow?
Yes, but only against 24 karat gold coins. Bajaj Finance accepts 24 karat gold coins and 18-22 karat jewellery and ornaments as collateral for a gold loan. It does not accept 24 carat jewellery or gold bars. The RBI Directions prohibit lending against primary gold such as bullion.
The lender values gold at the lower of two prices: the previous day's closing price or the 30-day average closing price for its purity. The India Bullion and Jewellers Association (IBJA) or a commodity exchange regulated by the Securities and Exchange Board of India (SEBI) publishes both. A fall in the rate lowers your valuation at once, while a rise lifts it more slowly.
LTV is the maximum share of your gold's value that the lender gives as a loan. The RBI caps it by loan amount.
| Loan amount | Maximum LTV |
|---|
| Up to Rs. 2.5 lakh | 85% |
| More than Rs. 2.5 lakh to Rs. 5 lakh | 80% |
| More than Rs. 5 lakh to Rs. 2 crore | 75% |
Worked example. Suman, 40, is a self-employed professional in Lucknow. Her 24 carat gold coins have an eligible value of Rs. 2,00,000 after valuation. At 85% LTV, her maximum loan is Rs. 2,00,000 x 85% = Rs. 1,70,000. Branch valuation and credit assessment decide the final amount, so this example is not an offer.
Regulatory Context: The RBI issued the Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025 on 6 June 2025. The Directions took effect on 1 April 2026 and cover LTV limits, valuation and collateral protection. Bajaj Finance applies them to every Bajaj Finance Gold Loan.
Bajaj Finance Gold Loan offers amounts from Rs. 5,000 to Rs. 2 crore, with interest from 9.50% p.a. and a tenure of 1 day to 12 months. You must be between 21 and 80 years old, and be a salaried or self-employed individual, or a pensioner.
RBI limits apply to what you pledge. Total coin weight across all loans cannot exceed 50 grams, total ornament weight cannot exceed 1 kilogram, and total loan exposure cannot exceed Rs. 2 crore. The LTV limit applies through the tenure, and bullet repayment loans count interest due at maturity.
Plan your repayment with the gold loan calculator. See the LTV ratio for gold loan and check the gold loan interest rate and charges to make an informed loan decision.
How do I apply for a gold loan in Lucknow online?
You apply online in five steps, and then visit your chosen branch with your gold.
- Click "APPLY NOW" button.
- Enter your 10-digit mobile number and click "Get OTP" to receive a one-time password (OTP).
- Submit the OTP to verify your identity.
- Fill in your personal details and select the nearest gold loan branch.
- Download your in-principle loan eligibility letter.
Ready to put your eligible gold to work? Apply for a Bajaj Finance Gold Loan today.
Curious about your loan eligibility? Enter your mobile number to see how much you can get for your gold.
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