Pragathi Krishna Gramin Bank Gold Loan Per Gram

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    Pragathi Krishna Gramin Bank Gold Loan Per Gram

    Pragathi Krishna Gramin Bank Gold Loan Per Gram Today is ₹ 2,900 to ₹ 3,450

    Gold Loan Collateral Gold ornaments
    Gold Loan per gram
    ₹ 2,900 to ₹ 3,450, depending on the purity of gold
     Age of Borrower 18 – 70 years
    Maximum Loan Amount Up to 10 lakhs
    Maximum Loan to Gold Value Ratio Up to 80%
    Purity of Eligible gold 18 carat to 22-carat gold
    Loan Tenure 12 months

     

    On August 23, 2013, Pragathi Krishna Gramin Bank was founded as a rural bank. This Bank’s headquarters is in Ballari. It was founded by the merger of two rural banks: Pragathi Gramin Bank, which Canara Bank funded, and Krishna Grameena Bank, which the State Bank of India sponsored. Finally, the Bank serves a large network of 11 Karnataka districts in the state’s eastern region. Customers may also take advantage of a variety of financial services provided by this Bank. Personal loans, gold loans, home loans, and several other types of loans are available.

    Gold Loan Calculator Pragathi Krishna Gramin Bank

    The Gold Loan Calculator from Dialabank calculates the value of a gold loan based on the factors mentioned below.

    • Pragathi Krishna Gramin Bank Gold Loan Per GramThe Bank’s in-house inspector will calculate the purity and net weight of gold in your jewellery. The gold used in the jewellery should be between 18 and 24 carats pure.
    • To determine the relative weight, the Bank will subtract the weight of gems and stones from the overall weight of the jewellery.
    • The valuer determines the worth of your jewellery by multiplying the purity and net weight of gold in it by the current gold price.
    • The Bank will use an LTV of up to 75% to determine your jewel loan amount eligibility.

    Pragathi Krishna Gramin Bank Gold Loan Rate Per Gram by Gold Purity

    The table given below shows the Pragathi Krishna Gramin Bank Gold Loan Per Gram, and these vary based on the gold’s carat.

    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

    Pragathi Krishna Gramin Bank Gold Loan Rates Per Gram

    Updated - Gold Loan Per Gram Rate w.e.f Jun 25 2022

    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

    India’s gold consumers are among the most influential in the world, accounting for a significant portion of the country’s total imports. Investors are therefore tracking the markets for price shifts that might impact the stock.

    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)
    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

    Gold Loan Per Gram Rate Comparison for Major Banks

    Feature
    HDFC Bank
    ICICI Bank
    Muthoot Finance
    Interest Rate
    9.90%
    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
    2500
    2600
    2700*

    Tips to getting Best Gold Loan Amount Per Gram from Pragathi Krishna Gramin Bank

    • You must be aware of the gold standard that counts for a gold loan.
    • The gold used as security for a gold loan should have 18 to 22 carats or greater purity. The value of precious stones set in gold jewellery is not taken into account.
    • It is also important for borrowers to read the loan agreement’s terms and conditions carefully.
    • Furthermore, if you do not repay the gold loan on time, you risk losing the gold or gold jewellery that you were promised. You will be overworked as a result of this.
    • As a result, it’s important to consider whether you’ll be able to repay the gold loan on time.

    GOLD LOAN @ 0.49%*

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    Example: The loan sum is determined by the purity of gold, the LTV, and the weight of gold. Assume Mr Ram and his two mates, Mr Kesav and Mr Ashwith, each own differing quantities of gold of various purity. Mr Ram owns 70 grammes of gold with an 18-carat purity. Mr Kesav has 60 grammes of gold that is 20 carats pure, while Mr Ashwith has 50 grammes of gold that is 22 carats pure. They apply for a gold loan. The price used to determine their gold loan sum eligibility based on a maximum LTV of 75% would vary depending on the purity of gold, resulting in different gold loan eligibility.

    Carats / Weight Of Gold Gold Weight (In Gm) Purity Of Gold (In Carat) Gold Loan Eligibility
    Mr Ram 70 18 ₹ 2.60 Lakhs
    Mr Kesav 60 20 ₹ 2.48 Lakhs
    Mr Ashwith 50 22 ₹ 2.27 Lakhs

    Mr Ashwith, who has the smallest gold weight of 50gm, will receive the lowest gold loan rate of 2.27 Lakh from the Bank, as seen in the illustration above. Since Mr Ram has more gold weight, the Bank will give him the highest gold loan sum of Rs 2.60 lakh in the same example.

    Pragathi Krishna Gramin Bank Gold Loan Per Gram FAQs

    ✅ What is the Pragathi Krishna Gramin Bank Gold Loan scheme?

    Pragathi Krishna Gramin Bank gold loan is a scheme that provides a loan against your gold. Any person in need of quick lump sum money can avail of this facility that is offered by Pragathi Krishna Gramin Bank and other leading banks and non-banking financial companies. The current rate for Pragathi Krishna Gramin Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

     How much Gold Loan can I get per gram in Pragathi Krishna Gramin Bank?

    Pragathi Krishna Gramin Bank Gold Loan Per Gram Depends upon the weight and purity of your gold. Pragathi Krishna Gramin Bank Gold Loan Per Gram ₹ 3,506 to ₹ 4,621.

    ✅ How is Pragathi Krishna Gramin Bank Gold Loan Per Gram calculated?

    The Pragathi Krishna Gramin Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Pragathi Krishna Gramin Bank Gold Loan Per Gram interest rate is then calculated based on several factors: loan amount, loan tenure, relationship with the lender, and loan to value ratio.