Gold Loan Per Gram

The reason behind investing in gold is very simple - gold investments always guarantee high returns. These investments can be in any form of gold coins, bars or jewellery. This precious metal also has a high sentimental value, is considered auspicious, and holds great significance in Indian culture.

Gold items are also considered a reserve for those rainy days. You can get a gold loan by pledging your gold ornaments and use the money to cover any unexpected expenses. Over the years, these secured loans have become one of the easiest and fastest ways to arrange funds to get over a temporary financial crisis.

At Muthoot Finance, you can explore a wide range of Gold loan schemes and choose the one that suits you the best. The minimum tenure of our gold loan is 7 days. The maximum tenure is 12 months for normal schemes.You can pre pay the loans if you so desire no pre-payment charges.

• Fast loan disbursal
• Customer-oriented services
• Minimal documentation
• In-house gold evaluation
• Get minimum loan amount of INR 1500
• No maximum limit
• Pre-payment option with no penalty
• Secure vault to ensure safe custody of gold ornaments
• Prompt customer service within a shorter response time
• Part release of gold ornaments

While availing a gold loan, the per gram rate of gold is the value you get for one gram of gold that you are going to pledge. However, this per gram rate depends on several factors, like the purity of the gold ornaments, rate of gold of a certain purity on that particular day, among others. All these are taken into consideration to calculate the per-gram rate of gold.

This is a well-known fact that when the market price of gold rises, the loan amount that can be obtained against a certain quantity of gold decrease. And, when the price of gold decreases, the loan amount that one can avail against the same quantity of gold also increases. As India’s Most Trusted Financial Services brand*, Muthoot Finance checks the present day’s gold rate and the purity of the ornaments you are going to provide before deciding the loan amount that can be availed.

Here’s An Example:

Calculating the Gold loan amount using the per gram rate is very simple. For example, if someone has 10 grams of 22-carat gold and the per gram rate is INR 4000, the total market value of the gold items is INR 40,000. This means that he or she can borrow up to INR 30,000 (75% of the total market value) against the gold ornaments.

So, if you want to find out the loan amount you can avail, it is best to refer to the current market price of 22 carat precious metal. Or, you can also use our online calculator for this purpose. Muthoot Finance offers one of the best per gram rates for gold loans which means that the loan amount you are eligible for becomes significantly higher.

Other than the purity, weight, and average price, the per gram rate of gold also depends on factors like the varying market price of gold across different states and cities due to demand, taxes, and transportation costs.

• Inflation
• Demand and supply
• Government gold reserves
• Interest rates
• Global trends
• Import duty
• Equation of Rupee and Dollar

Anyone above the age of 21 years can avail a gold loan from Muthoot Finance. We also have an online eligibility calculator that determines the amount of gold you are eligible for based on the amount of gold you have and the purity of the gold.