Barclays Bank Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350
Gold Loan Per Gram Today | Gold Loan Rate Per Gram Today is ₹ 3,800 to ₹ 4,350 |
Eligible Age | 18 to 75 years |
Loan Amount Eligibility | Rs. 1,000 to Rs. 2 Cr |
Documents Required | Basic KYC documents for address and identity proof. No income documents and no CIBIL score documents are required. |
Purity of Gold | 18 carat to 22 carat |
Type of Gold | Gold jewelry and gold coins of 18-24 carats |
Margin in Gold Loan for the Bank | 25% of the gold ornament’s market value |
Gold Loan Calculator Barclays Bank
- Purity and net weight of gold used in jewellery: The bank will analyse the purity and net weight of gold in your jewellery using their in-house valuer. The gold used in the jewellery should be 18 to 24 carats pure. In order to compute the net weight of jewellery, Barclays Bank will subtract the weight of diamonds and stones. The appraiser will write up his findings.
- Price of Gold: Barclays Bank will multiply the purity and net weight of gold in your jewellery by the price of gold to compute the value of gold. The Reserve Bank of India has directed banks to use the average price of 22 carat gold over the previous 30 days, adjusted for purity. So, if the gold is 20 carat purity, Barclays Bank will alter the value of gold by using the 30-day average of 22 carat gold multiplied by a factor of 20/22.
- Loan to Worth Ratio: After determining the value of your jewels, Barclays Bank will apply an LTV of up to 75% to determine your gold loan amount eligibility. Barclays Bank may offer you a cheaper interest rate on the gold lean if you are ready to take a loan amount that is less than your maximum LTV.
Check the current gold rate with Dialabank.
Barclays Gold Loan Rate Per Gram by Gold Purity
According to current gold rates, Indian banks offer gold loans at a rate of ₹ 3,800 to ₹ 4,350. Barclays Bank Gold Loan Per Gram Rate Today is ₹ 3,800 to ₹ 4,350 for 22-carat adornments measured at the best LTV of 90%, and normal gold loan costs for the most recent 30 days in 2020 are ₹ 3,800 to ₹ 4,350 for 22 carats.
The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying purity.
Gold Purity
Gold Rate Per Gram- Average Of Past 30 Days
Highest Gold Loan Per Gram
Lowest Gold Loan Per Gram
22 carat
₹ 4,620
₹ 4,999
₹ 4,956
20 carat
₹ 3,939
₹ 4,178
₹ 3,795
18 carat
₹ 3,545
₹ 3,784
₹ 3,460
Barclays Bank Gold Loan Rates Per Gram
Today’s gold price is influenced by a variety of factors such as demand and supply, global market conditions, and the strength of the US dollar, among others. Furthermore, the price of gold varies by city across India. Taxes, demand, carriage, local associations, as well as other factors have an impact on the gold price in different cities.
Updated - Gold Loan Per Gram Rate w.e.f Apr 18 2024
Gold Weight
Gold Purity
24 CaratGold Purity
22 CaratGold Purity
20 CaratGold Purity
18 Carat
1 gram
4621
4290
3900
3510
10 gram
46210
42900
39000
35100
20 gram
93600
85800
78000
70200
30 gram
140400
128700
117000
105300
40 gram
187200
171600
156000
140400
50 gram
234000
214500
195000
175500
100 gram
468000
429000
390000
351000
200 gram
936000
858000
780000
702000
300 gram
1404000
1287000
1170000
1053000
400 gram
1872000
1716000
1560000
1404000
500 gram
2340000
2145000
1950000
1755000
Historical Gold Loan Rates Per Gram
The table shows that, except for a few lows between some years, the gold price trend has historically been on the rise, lending credence to the argument that gold is a safe investment over long periods.
Check out today’s gold rate in India as well.
Gold Loan Per Gram Rate Comparison for Major Banks
Feature
HDFC Bank
SBI
Muthoot Finance
Interest Rate
9.90% onwards
7% onwards
12% onwards
Min Loan Amt
Metro : 25000, Non : 15000
25000
15000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
3 months to 24 months
9 months to 24 months
1 month to 24 months
Processing Fee
0.25% to 1.50% of the Loan Amt
0.25% to 1.50%
Nil
Pre-closure Charges
2%, Nil foreclosure charges after 3 months
2%, Nil foreclosure charges after 9 months
Nil
Overdraft Facility
Yes
Yes
Yes
Pay Only Interest Facility
Yes
Yes
Yes
Gold Rate Per Gram
3066
3073
3073
Tips to Get Best Gold Loan Amount Per Gram from Barclays Bank
- For a gold loan, Barclays Bank accepts both hallmarked as well as non-hallmarked jewellery. However, you can get the highest Barclays Bank gold loan per gram for hallmark jewellery because it reduces the chances of the appraiser undervaluing it.
- The price of 22-carat gold is adjusted by Barclays Bank based on the purity of the gold. As a result, always try to borrow against higher purity jewellery because it will get you the most money for a gold loan.
- Always seek for the greatest LTV on the value of gold. The RBI allows Barclays Bank to charge a maximum LTV of up to 75% to calculate the amount of gold loan you are eligible for.
Gold Loan News
- What is a Sovereign Gold Bond (SGB)? Who issues these bonds?
Government securities denominated in grams of gold are known as SGBs. They serve as a substitute for physical gold. Investors must pay the issue price in cash, and the bonds must be redeemed in cash when they reach maturity. The Reserve Bank of India issues the bond on behalf of the Government of India.
- Gold pledging is on the rise as household stress rises.
According to Reserve Bank data, people are increasingly turning to gold and personal loans to cover basic expenses and medical emergencies.