GET GOLD LOAN
DURING LOCKDOWN

⍟  All Our Branches are Open
⍟  Lowest Interest Rate of 0.79% p.m.

    I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

    Capital First Bank Gold Loan Per Gram

    Capital First Bank Gold Loan Per Gram 

    Capital First 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
    Margin in Gold Loan for the Bank 25% of the gold ornament’s market value

    Gold Loan Calculator Capital First Bank

    • Purity and net weight of gold used in the jewellery: The bank will use its internal evaluator to analyse gold’s purity and net weight. The gold used in jewellery must be 18-24 carats pure. To calculate the net weight of the jewellery, Capital First Bank will subtract the weight of diamonds and gems. The appraiser will write down his findings.  Gold Price: Capital First Bank multiplies the purity and net weight of the gold in your jewellery by the gold price to calculate the value of gold. The RBI has instructed the bank to use the average cost of 22 karat gold over the past 30 days and adjust it for purity. Therefore, if the purity of the gold is 20 karat, Capital First Bank will use the 30-day average of 22 karat gold multiplied by 20/22 to change the value of the gold. 

       Loan-to-Value Ratio: After determining the value of the jewellery, Capital First Bank will use up to 75% of the LTV to determine eligibility for the gold loan amount. If you are ready to accept a loan amount less than the maximum LTV, Capital First Bank can offer you a cheaper gold pending interest rate.

    Check the current gold rate with Dialabank.

    Capital First Bank Gold Loan Rate Per Gram by Gold Purity

    Based on the current interest rate on gold, Indian banks make gold loans at interest rates of ₹ 3,506 to ₹ 4,621. For a 22 carat decoration, measured by the best 90% LTV, Capital First Bank’s current gold per kg rate is ₹ 3,506 to ₹ 4,621, and the normal cost of borrowing gold for the last 30 days at 2020 is ₹ 3,506 to ₹ 4,621. glpergram “], weighs 22 carats.

    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

    Capital First Bank Gold Loan Rates Per Gram

    The current gold price is affected by many factors, such as supply and demand, global market conditions, and the strength of the U.S. dollar. In addition, the cost of gold varies among cities in India. Factors such as taxes, demand, transportation, and local associations affect the price of gold in different cities.

    Updated - Gold Loan Per Gram Rate w.e.f Jun 21 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

    The table shows that, except for some lows of recent years, the price of gold has been increasing, which provides a basis for the opinion that gold is a safe investment for a long time.

    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
    HDFC Bank
    ICICI Bank
    Muthoot Finance
    Interest Rate
    9.50% onwards
    10.50%
    12%
    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
    3,066
    3,073
    3,073

    Tips to Get The Highest Gold Loan Amount from Capital First Bank

    • For gold loans, Capital First Bank accepts both marked jewellery and unmarked jewellery. However, you can get the highest Capital First Bank gold loan per gram as it reduces the chance of being underestimated by the appraiser. 
    • Capital First Bank adjusts the price of 22 carat gold based on the purity of the gold. Therefore, always try to borrow jewellery with higher purity, as this will get you the most gold loans. 
    •  Always looks for the largest LTV with gold as value. RBI allows Capital First Bank to charge up to 75% of the LTV to calculate the amount of gold loan it is eligible for.

    Gold Loan News

    • High demand for gold loans indicates that low-income households are distressed.

     According to data from the Reserve Bank of India, as of March 2021, outstanding loans provided by banks for gold jewellery increased by 82% from Rs 33,303 crore in March 2020 to Rs 60,464 crore.

    • The second sovereign gold bond plan will be open on May 24

     The second sovereign gold bond plan will be open for subscription on Monday (May 24, 2021) in 2021-22. According to the 2021-22 gold bond plan schedule formulated by the Reserve Bank of India, the second batch of windows will be open to investors from May 24-28.

    Table of Contents