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Baroda Gujarat Gramin Bank Gold Loan Per Gram

Baroda Gujarat Gramin Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621

Baroda Gujarat Gramin Bank Gold Loan Per Gram Today Gold Loan Rate Per Gram Today is ₹ 3,506 to ₹ 4,621
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
Loan To Value 25% of the gold ornament’s market value

The Baroda Gujarat Gramin Bank Gold Loan is help offered by the bank that licenses customers to use the gold they own to apply for a gold credit to meet their money-related prerequisites. The Baroda Gujarat Gramin Bank appreciates various advantages similarly as a low credit expense.

Baroda Gujarat Gramin Bank Gold Loan Calculator 

  • Commendable nature and netload of gold used in upgrades: Gold used in pearls should be someplace in the degree of 18 and 24 carats unadulterated. To get comfortable with the net weight, the Baroda Gujarat Gramin Bank will kill the meaning of diamonds and stones from the firm weight of the gems.
  • Baroda Gujarat Gramin Bank will amass the perfection and netload of gold in your upgrades by the expense of gold to pick its worth. The Reserve Bank of India has prompted Indian banks to use the 30-day normal expense of 22-carat gold, accustomed to goodness. Baroda Gujarat Gramin Bank can change the value of gold in the event that it is 20-carat ethics by using the 30-day standard of 22-carat gold reached out by a factor of 20/22. AU Small Finance Bank will change the value of gold in the event that it is 20-carat upstanding. You can likewise acknowledge the latest gold rate at Dialabank.            Baroda Gujarat Gramin Bank Gold Loan
  • Credit to Value Ratio: After picking the value of your pearls, Baroda Gujarat Gramin Bank will use an LTV of up to 75% to pick your ability for the valuable stone turn of events. Baroda Gujarat Gramin Bank will give you a lower financing cost in the event that you can take an improvement complete that isn’t generally your most basic LTV.

Baroda Gujarat Gramin Bank Rate Per Gram by Gold Purity

The systematic info under shows an appraisal of the gold development per gram that Baroda Gujarat Gramin Bank would give against gold enhancements of various righteousness levels at a most limit LTV of 75% and a lower LTV of 65%.

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

The above table shows the method by which Banks will calculate your per gram gold loan for gold of varying purity.

  • Gold loan per gram offer for 22-carat jewelry will be between ₹ 4,620 to ₹ 4,956
  • Gold loan per gram offer for 20-carat jewelry will be between ₹ 3,795 to ₹ 4,178
  • Gold loan per gram offer for 18-carat jewelry will be between ₹ 3,460 to ₹ 3,784

Baroda Gujarat Gramin Bank Gold Loan Rates Per Gram

The following table shows Baroda Gujarat Gramin Bank Loan Rates per gram – Jun 24 2021

Updated - Gold Loan Per Gram Rate w.e.f Jun 24 2021

Gold Weight Gold Purity
24 Carat
Gold Purity
22 Carat
Gold Purity
20 Carat
Gold 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 

Indians are among the world’s driving buyers of gold. Indians will overall buy gold since it is seen as a ‘gotten’ theory. Cash related allies study the business zones at changes in costs, which direct income. Know by looking at the fundamental need chronicled gold credit rates per gram insinuated under:

This Table Contains the Average Annual Gold Rate from 1964 - 2021
Year Price (24 karat per 10 grams) Year Price (24 karat per 10 grams)
1964 ₹ 63.25 1993 ₹ 4,140.00
1965 ₹ 71.75 1994 ₹ 4,598.00
1966 ₹ 83.75 1995 ₹ 4,680.00
1967 ₹ 102.50 1996 ₹ 5,160.00
1968 ₹ 162.00 1997 ₹ 4,725.00
1969 ₹ 176.00 1998 ₹ 4,045.00
1970 ₹ 184.00 1999 ₹ 4,234.00
1971 ₹ 193.00 2000 ₹ 4,400.00
1972 ₹ 202.00 2001 ₹ 4,300.00
1973 ₹ 278.50 2002 ₹ 4,990.00
1974 ₹ 506.00 2003 ₹ 5,600.00
1975 ₹ 540.00 2004 ₹ 5,850.00
1976 ₹ 432.00 2005 ₹ 7,000.00
1977 ₹ 486.00 2006 ₹ 8,400.00
1978 ₹ 685.00 2007 ₹ 10,800.00
1979 ₹ 937.00 2008 ₹ 12,500.00
1980 ₹ 1,330.00 2009 ₹ 14,500.00
1981 ₹ 1,800.00 2010 ₹ 18,500.00
1982 ₹ 1,645.00 2011 ₹ 26,400.00
1983 ₹ 1,800.00 2012 ₹ 31,050.00
1984 ₹ 1,970.00 2013 ₹ 29,600.00
1985 ₹ 2,130.00 2014 ₹ 28,006.50
1986 ₹ 2,140.00 2015 ₹ 26,343.50
1987 ₹ 2,570.00 2016 ₹ 28,623.50
1988 ₹ 3,130.00 2017 ₹ 29,667.50
1989 ₹ 3,140.00 2018 ₹ 31,438.00
1990 ₹ 3,200.00 2019 ₹ 35,220.00
1991 ₹ 3,466.00 2020 ₹ 48,651.00
1992 ₹ 4,334.00 2021 ₹ 50,045.00

Major Banks Gold Loan Per Gram Rate Comparison

Feature
Manappuram
Axis Bank
Yes Finance
Interest Rate
9.90%
12.50%
9.99%
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
Preclosure Chgs
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
3,124
3,073
3,069

Tips to get the highest Amount Per Gram from Baroda Gujarat Gramin Bank

For a gold credit, Baroda Gujarat Gramin Bank sees both hallmarked and non-hallmarked pearls. Instead, you have brand name gold, you can get the most raised Baroda Gujarat Gramin Bank gold credit per gram considering how the valuer is less orchestrated to condemn it. In like manner, some money-related affiliations charge lower trade costs for hallmarked gold pearls.

The Baroda Gujarat Gramin Bank Gold Loan Per Gram change the expense of 22-carat gold to address flawlessness. In like way, get against higher-flawlessness embellishments if possible, as this will get you the most money for a gold credit.

Baroda Gujarat Gramin Bank Gold Loan will use the net pile of your moves up to pick the degree of gold headway you are ready for. Per Gram Gold Advance from Baroda Gujarat Gramin Bank, Choose gems with the least pearls and stones whatever amount as could be anticipated. The meaning of pearls and stones will be deducted from the overall heap of the gems by a tremendous portion of the banks. To pick the net weight, Baroda Gujarat Gramin Bank will depend on the assessment of its gold valuer. As more gems and stones are applied to a piece of pearls, the supreme weight and worth of the piece decay, achieving a lower gem advance you are ready for.

On gold, it’s a standard practice to zero in on the most fundamental possible LTV. The RBI has permitted Baroda Gujarat Gramin Bank to charge the best LTV of up to 75% while dealing with the degree of gold credit you are ready for.


gold loan

Model: The development entirety is directed by the flawlessness of gold, the LTV, and the substantialness of gold. Anticipate that Deepak, Abhishek, and Steve each own differentiating measures of gold of evolving excellence. Deepak has 70 grams of gold with an 18-carat ideal. Abhishek has 60 grams of gold that is 20 carats unadulterated, and Steve has 50 grams of gold that is 22 carats unadulterated. They apply for a gold credit with Baroda Gujarat Gramin Bank. The worth used to choose their gold credit all-out capability subject to the best LTV of 75% would move dependent upon the ethicalness of gold, achieving different gold development capabilities.

Carats / Weight Of Gold Gold Weight (In Gm) Purity Of Gold (In Carat) Gold Loan Eligibility
Deepak 70 18 ₹ 2.60 Lakh
Abhishek 60 20 ₹ 2.48 Lakh
Steve 50 22 ₹ 2.27 Lakh

Steve, who has the littlest gold load of 50gm, will get the most minimal gold advance pace of 2.27 Lakh from Baroda Gujarat Gramin Bank, as found in the representation above.

Since Deepak has the most gold weight, Baroda Gujarat Gramin Bank will give him the most elevated gold advance amount of Rs 2.60 lakh in a similar model.