If you own gold jewellery, you may have considered leveraging its value to secure a gold loan for your financial needs.
The price of gold plays a crucial role in determining the loan amount you can obtain against your gold jewellery.
Gold prices are subject to market fluctuations, driven by factors like global economic conditions, inflation, geopolitical tensions, and currency movements. As gold prices rise and fall, it directly influences the loan amount you can avail against your gold jewellery. Bajaj Finance considers the purity and weight of the gold jewellery while determining the loan value. Therefore, when gold prices are high, you may be eligible for a larger loan amount due to the increased value of your gold jewellery.
To calculate the loan amount against your pledged gold jewellery, you can simply use our online gold loan calculator. This will help you plan your financial journey better.
Let us explore how the pricing of gold jewellery, specifically the price of gold jewellery per gram, affects the gold loan and how you can calculate the value of your gold jewellery for borrowing purposes.
