Gold Loan Per Gram

Gold Loan Per Gram

Explore the factors affecting gold loan rate per gram and its impact on your gold loan. Check your gold loan eligibility today!

Rs. 5,000 - Rs. 2 crore

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What is a gold loan rate per gram?


When you plan to take a gold loan, understanding the per gram rate is essential. This rate tells you how much loan you can receive for each gram of gold you pledge. For instance, if you own 20 grams of 22 carat gold and the per gram rate is ₹4,500, the total market value of your gold would be ₹90,000. Lenders like Bajaj Finance typically offer up to 75% of this market value as the loan amount. In this case, you could get a gold loan of up to ₹67,500.


This calculation helps you understand your loan eligibility before applying. The per gram rate depends on the purity of the gold and current gold rates in India. The higher the purity and market rate, the greater the eligible loan amount. Using an online gold loan calculator can also help you estimate the amount you might qualify for.


Knowing this gold loan value per gram beforehand allows you to plan your finances better and avoid surprises. Whether you need funds urgently or are planning for a short-term goal, the per gram rate gives you a transparent view of what you can expect from your gold loan.


Factors affecting gold loan rate per gram


The gold loan rate per gram is influenced by several important factors that determine how much loan amount you can get against your jewellery. Being aware of these elements can help you plan better and make informed borrowing decisions.


  • International gold prices – Global market trends play a major role in setting domestic gold prices. Any change in international rates, due to economic events or geopolitical situations, impacts the price you receive.
  • Demand and supply – When there is high demand for gold in the local market, the value per gram generally increases. On the other hand, low demand may bring prices down.
  • Market conditions – Factors like inflation, interest rates, and currency fluctuations affect gold rates. In times of economic uncertainty, gold prices often rise as people prefer safe investments.
  • Gold purity – The higher the purity of your gold, the better the rate you will get. For example, 22 karat jewellery will fetch a better rate compared to lower purity ornaments.

Checking today’s gold loan rate per gram and using tools like a gold loan calculator ensures you know your potential loan amount before applying.


Pro tip: It takes just 2 steps to check your eligibility for a Bajaj Finserv Gold Loan. Enter your mobile number now.


Benefits of taking a gold loan


Here are the key benefits of taking gold loan value per gram: 


  • Financing against the underlying asset value: You can easily utilise the underlying asset value of gold ornament to raise necessary funding urgently.
  • High loan amount: The purity and weight of gold offered for the pledge can fetch gold loan funding starting from Rs. 5,000 to Rs. 2 crore easily.
  • Minimal paperwork: The documents list for a gold loan is short and involves only the basic KYC documents for verification.
  • Affordable rates of interest: Secured nature of financing makes the gold loan interest rate more affordable.
  • Multiple repayment options: Choose your suitable repayment method to fit your monthly budget.
  • Insurance of pledged gold: When availing a gold loan from Bajaj Finance, you also enjoy free insurance coverage for gold for as long as it remains in our custody. Such coverage is provided against theft and misplacement of stored gold.
  • Partial release of gold ornaments: If you need some of your pledged gold, you can secure partial release of the pledged item against gold loan repayment of an equivalent amount.

By staying informed about today's gold loan rate per gram and using simple calculations, you can confidently navigate the borrowing process, leveraging your gold's value for your financial needs.

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Eligibility criteria to apply for a gold loan

If you are planning to apply for a gold loan, it is important to understand how eligibility is determined per gram of gold. The process is quite straightforward and requires only a few basic conditions to be met. Lenders such as Bajaj Finance make this process simple, ensuring quick access to funds. Key eligibility criteria and loan calculation:


  • Age and ownership: You must be an Indian citizen aged 21 to 70 and own gold jewellery.
  • Gold purity: Gold must be 18-22 karat, commonly accepted for higher valuation.
  • Weight of gold: The total weight of the jewellery helps determine the overall loan amount.
  • Loan-to-value (LTV) ratio: Up to 75% of your gold’s market value can be sanctioned as a loan.
  • Other considerations: Some lenders may require a minimum gold weight and consider market trends while evaluating gold price.

You can use the Bajaj Finserv Gold Loan calculator to check your gold loan eligibility per gram and get an estimate instantly.


Quick tip: Do not let your jewellery sit idle—tap into its value with a gold loan that suits your needs. Check your gold loan eligibility today! 

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How to calculate gold loan per gram

Calculating the gold loan per gram rate is a straightforward process designed to give borrowers clarity. Lenders typically use online gold loan calculator to estimate the amount. Here is how the calculation works:


  • Gold weight: The total weight of the jewellery you plan to pledge is measured accurately.
  • Purity check: The purity level, generally between 18-22 karat, is verified as it significantly affects the value.
  • Gold price averaging: The average price of 18-22 karat gold for the last 30 days is considered to avoid market volatility.
  • LTV application: The lender’s loan-to-value ratio is applied to determine the eligible amount.

Since the purity of gold directly impacts the final per gram rate, higher purity means higher value. Understanding this process helps you plan better when applying for a gold loan from Bajaj Finance.


Documents required for a per gram gold loan


Applying for a gold loan with Bajaj Finance is simple and requires minimal paperwork. You only need to provide basic KYC documents to complete the process. Since the loan is secured against your gold jewellery, there is no need for income proof or extensive financial documents, which makes approval faster and more convenient. To apply, you just need any one of the following KYC documents required for gold loan:


  • Aadhaar card
  • Passport
  • Voter ID
  • Driving licence
  • NREGA job card
  • Letter issued by the National Population Register

Once your gold is evaluated and documents are verified, your loan is approved quickly, often with same-day disbursal.


Ready to unlock the value of your gold? Apply for Bajaj Finserv Gold Loan today.

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.