Kashi Gomti Samyut Gramin Bank Agriculture Gold Loan: Benefits and Features

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

Kashi Gomti Samyut Gramin Bank Agriculture Gold Loan Calculator:

The gold loan interest can be calculated by subtracting the principal amount from the total amount owing. You can use an EMI calculator to figure out how much you’ll owe at the end of the term.

The Kashi Gomti Samyut Gramin Bank Agricultural Gold loan will calculate the value of gold by multiplying the purity and net weight of gold in your jewellery by the price of gold, using their in-house valuer.
The purity and net weight of gold in your jewellery will be determined. The fineness of gold used in jewellery should be 18 to 24 carats. To arrive at the net weight, the bank will subtract the weight of diamonds and stones from the net weight of the jewellery. In a report, the appraiser will detail his findings.
The value of gold is calculated by multiplying the purity and net weight of gold in your jewellery by the price of gold, according to the Kashi Gomti Samyut Gramin Bank Agriculture Gold loan. Banks should use a 30-day average price of 22-carat gold that has been adjusted for purity, according to the Reserve Bank of India.
Once the value of your jewellery has been determined, the Kashi Gomti Samyut Gramin Bank Agriculture gold loan will calculate your loan amount eligibility using an LTV of up to 75%. If you are willing to take a loan amount that is less than your maximum LTV, the Kashi Gomti Samyut Gramin Bank Agriculture gold loan may be able to offer you a lower interest rate.

Kashi Gomti Samyut Gramin Bank Agriculture gold loan eligibility:

Age	18-70 years of age
Nationality	Indian
Employment Status	Salaried, Self-Employed
Gold Quality, Quantity	Minimum 18 Carats, minimum 10 grams
Requirements	Gold ornaments (18-22 carats)
CIBIL score	Above 500

Documents Required for Kashi Gomti Samyut Gramin Bank Agriculture Gold Loan:

Photographs	2 Passport-Sized photos, latest, coloured, clear, without spectacles
Identity Proof (any one)	Passport: Valid Copy of passport both front and last page Voters ID card: Copy of Valid Voter Identity Card Driving License: Copy of Driving license which is valid. Adhar card: Copy of Adhar Card with current information
Residence Proof (any one)	Passport: Valid Copy of passport both front and last page Voters ID card: Copy of Valid Voter Identity Card Driving License: Copy of Driving license which is valid. Adhar card: Copy of Adhar Card with current information Utility Bills on the name of the applicant. Sales Tax Certificate Rental Agreement
Agricultural Land Proof	Required only if the Loan is taken for Agricultural Purpose. In the case of Agriculture Loan on the gold of more than Rs. 1 lakh there is no requirement of proof for allied agriculture purposes.
Demand Promissory Note	Certificate by the Jewel Appraiser (Bank will arrange)

Kashi Gomti Samyut Gramin Bank Agriculture Gold Loan Rate Per Gram by Gold Purity:

You must first obtain purity before considering a bank for a Kashi Gomti Samyut Gramin Bank Agriculture gold loan, because contemplating a gold loan is insufficient until and until it is purely qualified to meet all obligations in the event of an unfavourable situation:

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

Kashi Gomti Samyut Gramin Bank Agriculture Gold Loan Interest Rates Per Gram:

Updated - Gold Loan Per Gram Rate w.e.f Apr 26 2024
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:

This Table Contains the Average Annual Gold Rate from 1965 - 2022
Year	Price (24 karat per 10 grams)	Year	Price (24 karat per 10 grams)
2023	₹ 54,699	1994	₹ 4,598
2022	₹ 52,950	1993	₹ 4,140
2021	₹ 50,045	1992	₹ 4,334
2020	₹ 48,651	1991	₹ 3,466
2019	₹ 35,220	1990	₹ 3,200
2018	₹ 31,438	1989	₹ 3,140
2017	₹ 29,667	1988	₹ 3,130
2016	₹ 28,623	1987	₹ 2,570
2015	₹ 26,343	1986	₹ 2,140
2014	₹ 28,006	1985	₹ 2,130
2013	₹ 29,600	1984	₹ 1,970
2012	₹ 31,050	1983	₹ 1,800
2011	₹ 26,400	1982	₹ 1,645
2010	₹ 18,500	1981	₹ 1,800
2009	₹ 14,500	1980	₹ 1,330
2008	₹ 12,500	1979	₹ 937
2007	₹ 10,800	1978	₹ 685
2006	₹ 8,400	1977	₹ 486
2005	₹ 7,000	1976	₹ 432
2004	₹ 5,850	1975	₹ 540
2003	₹ 5,600	1974	₹ 506
2002	₹ 4,990	1973	₹ 279
2001	₹ 4,300	1972	₹ 202
2000	₹ 4,400	1971	₹ 193
1999	₹ 4,234	1970	₹ 184
1998	₹ 4,045	1969	₹ 176
1997	₹ 4,725	1968	₹ 162
1996	₹ 5,160	1967	₹ 103
1995	₹ 4,680	1966	₹ 84
1994	₹ 4,598	1965	₹ 72

Major Banks Agriculture Gold Loan Per Gram Rate Comparison:

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 The Highest Agriculture Gold Loan Amount from Kashi Gomti Samyut Gramin Bank:

The value of gold in your jewellery will be calculated by multiplying the purity and net weight of gold in your jewellery by the price of gold for a gold loan from the Kashi Gomti Samyut Gramin Bank Agriculture Gold loan. Both hallmarked and non-hallmarked jewellery are accepted by a bank.
However, you can receive the best Kashi Gomti Samyut Gramin Bank agriculture Gold loan for hallmark jewellery because the appraiser is less likely to undervalue it. Furthermore, certain banking institutions charge hallmarked gold jewellery a cheaper processing fee.
The Kashi Gomti Samyut Gramin Bank agriculture gold loan changes the price of 22 carat gold to match the metal’s quality. As a result, take out a gold loan against higher-purity jewellery whenever possible, as this will get you the most money.
When playing gold, always aim for the greatest possible LTV. When calculating the amount of gold loan you are eligible for, the Reserve Bank of India has given Kashi Gomti Samyut Gramin Bank agriculture gold loan power to charge a maximum LTV of up to 75%.