Purvanchal Bank Gold Loan Per Gram

AT 0.75%* INTEREST RATE
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Purvanchal Bank Gold Loan Per Gram

Purvanchal Bank Gold Loan Per Gram Today is ₹ 3,800 to ₹ 4,350

Purvanchal Bank 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

Purvanchal Bank Gold Loan Per Gram Gold Loan Calculator

The Purvanchal Bank gold loan per gram calculator helps you calculate the EMI amount you must pay monthly in monthly instalments. An EMI is calculated using the loan amount, loan term, and interest rate. A gold loan calculator takes into account the following essential factors:

  • Purvanchal Bank Gold Loan Per GramThe greater the loan amount, the greater the EMI amount.
  • The EMI value rises in direct proportion to the interest rate.
  • The longer the loan term, the lower the EMI amount.

Check the Latest Gold Price

Purvanchal Bank Gold Loan Rate Per Gram by Gold Purity

The interest rate per gram of gold loan at Purvanchal Bank is ₹ 3,800 to ₹ 4,350. The maximum LTV for 22 karat jewellery is 75%, and the minimum LTV is 65%. The loan per gram fluctuates daily based on the price of gold.

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

Purvanchal Bank Gold Loan Rates Per Gram

Purvanchal Bank Loan interest rate per gram is currently ₹ 3,800 to ₹ 4,350. The LTV of 22-carat jewellery is calculated to be 75%. The price of gold fluctuates daily based on the loan per gram.

Updated - Gold Loan Per Gram Rate w.e.f Apr 19 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

Gold price trends can help predict future volatility and develop appropriate investment strategies.

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 Gold Loan Per Gram Rate Comparison

Feature
HDFC Bank
Private 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 for obtaining the highest Purvanchal Bank Gold Loan amount

  • Purvanchal Bank provides gold jewellery with or without stamps. However, you can get a gold loan from the Purvanchal Bank, which contains the highest amount of gold per gram, thus reducing the understatement of the appraiser. In addition, some banks charge lower handling fees when buying contrast gold jewellery.
  • Purvanchal Bank adjusted the price of 22 carats of gold based on purity. Therefore, you should always try to borrow money from the purest jewellery because you will get the most gold loans. 
  • Find the LTV with the highest gold value. When calculating the number of eligible gold loans, the Reserve Bank of India allows Purvanchal Banks to charge up to 75% of LTV fees.

GOLD LOAN @ 0.75%*

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Gold News

  • Today, the price of gold reached a four-month high, while the price of silver rose.

The price of gold and silver in the Indian market rose today due to a positive signal from the global market. On the MCX, gold gained 0.24 % to a nearly four-month high of Rs 48,519, while silver gained 0.5 % to Rs 71.440 per kilo. Gold fell 0.22% on the last trading day, while silver fell 1.7 %.

  • The second tranche of the Sovereign Gold Bond issue is now available for purchase.

The second tranche of the sovereign gold bond scheme 2021-22 becomes available for subscription on Monday, May 24, 2021. Investors will be able to participate in the offering between May 24 and May 28. The second tranche is set to be released on June 1.

Purvanchal Bank Gold Loan Per Gram FAQs

✅ What is the Purvanchal Bank Gold Loan Per Gram scheme?

Purvanchal Bank Gold Loan Per Gram 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 Purvanchal Bank Gold Loan Per Gram and other leading banks and non-banking financial companies. The current rate for Purvanchal Bank Gold Loan Per Gram is ₹ 3,506 to ₹ 4,621.

 How much Gold Loan can I get per gram in Purvanchal Bank?

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

✅ How is Purvanchal Bank Gold Loan Per Gram calculated?

The Purvanchal Bank Gold Loan Per Gram amount depends upon the purity of one’s gold and the current market Gold Rate. Purvanchal 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.