18 carat gold contains 75% pure gold, mixed with other metals such as copper, silver, and zinc.
This mix makes 18K gold stronger than 22K or 24K gold, which is why jewellers in Lucknow use it for diamond-studded and designer jewellery. Since 18K gold has less pure gold, it costs less than 22K or 24K jewellery of the same weight.
If you are buying jewellery in Lucknow, 18K gold gives you a stronger, more detailed design at a lower cost than higher-purity gold. Check the gold rate today in Lucknow for 18 carat gold to compare prices before you buy.
If you already own eligible jewellery, check your gold loan eligibility to see its value.
Key takeaways
The 18 carat gold rate in Lucknow is not set locally. It is derived from international gold prices and adjusted for domestic cost components before reaching the retail level. Here is how each element contributes:
Illustration- If the 18 carat gold rate is Rs. 5,600 per gram and you want to buy 10 grams, the base cost works out to Rs. 56,000. GST, making charges, and GST on making charges are then added to arrive at the final amount payable. The 18K gold price in Lucknow is updated daily, reflecting real-time global and domestic market conditions. The example above is only for illustration.
Rising and falling rates affect loan eligibility: When gold prices rise, the market value of your pledged jewellery or coins increases — enabling a higher loan amount against the same pieces. When gold prices fall, the eligible loan amount is revised accordingly. Tracking the current 18 carat gold rate in Lucknow helps you estimate how much you can borrow before you apply.
How Bajaj Finance values 18 carat gold in Lucknow:
Bajaj Finance Gold Loan follows a transparent and consistent valuation method. It considers the lower of:
This approach shields both the borrower and lender from the effects of short-term price volatility.
LTV ratio:
The loan amount you are eligible for in Lucknow is governed by the Loan to Value ratio set by the RBI, which varies based on the loan size:
| Loan Amount | LTV Ratio |
| 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% |
When gold prices are high, borrowers can avail higher loan amounts against the same quantity of gold. Conversely, a decline in gold prices may result in lower loan amounts. The interest rates for gold loan are also affected by the stability of gold prices. Higher gold prices often lead to more favourable interest rates as the value of the collateral is higher. Get the value your gold deserves. Check your gold loan eligibility and see how much you can avail based on purity and weight.
To estimate the 18 carat gold price in Lucknow, start with the current 24K gold rate. Since 18K gold contains 75% pure gold, you can adjust the 24K rate using the following formula:
18K gold rate per gram = (24K gold rate per gram ÷ 24) × 18
Multiply the resulting 18K rate by the weight of your gold item to estimate its value. For jewellery, the final purchase price may also include making charges and applicable GST. You can use a gold value calculator to simplify the calculation.
18 carat gold can be considered for investment in Lucknow, but it is generally more suitable for jewellery than for pure gold investment. With 75% pure gold and a higher proportion of alloy metals, its value per gram is lower than 22K or 24K gold. It is a practical choice for durable, everyday jewellery, while 24K gold is more commonly associated with coins and bars.
Yes, the 18K gold rate in Lucknow can differ between branded jewellers and local stores. The underlying gold rate may be similar, but the final price can change because of making charges, design costs, certification and other seller-specific charges. Comparing the complete price per gram, rather than just the quoted gold rate, can help you make a fairer comparison.
Yes, the purity of gold significantly affects its rate in Lucknow. Higher purity gold, such as 24 carat, commands a higher price compared to lower purity gold, like 18 carat. This is because purer gold has a higher intrinsic value. The 18 carat gold, being 75% pure, is cheaper than 22k or 24k gold. Buyers should consider the purity level when evaluating prices, as it directly influences the overall cost and investment value.
Hallmarked gold can help confirm the stated purity of jewellery in Lucknow, but it does not automatically qualify you for a higher loan amount. The eligible amount depends on purity, weight, valuation and applicable LTV limits.
Bajaj Finance Limited (BFL) has the sole and absolute discretion, without assigning any reason to accept or reject any application as per BFL policy. *
