Gold Loan Per Gram Calculator
See how much loan your gold can raise today. Lenders offer up to 75% of your jewellery's gold value (RBI's standard cap) — the calculator uses the live rate and lets you adjust purity, weight and LTV.
Last updated: 11:20 am IST, 7 July 2026
Lenders value only the gold content (stones excluded) and many use a 30-day average rate rather than today's spot, so sanctioned amounts can be slightly lower than this estimate.
Worked example at today's rate
Pledging 40 grams of 22K jewellery at today's rate of ₹13,185 per gram values the gold at ₹5,27,388. At the standard 75% LTV, the eligible loan is ₹3,95,541 — about ₹9,889 per gram. A lender quoting much less per gram is either valuing at a lower average rate or applying a lower LTV scheme; ask which.
Indicative lender comparison
Interest brackets are indicative and change with schemes and tenure — verify with the lender before deciding.
| Lender | Type | Max LTV | Interest (indicative) | Notes |
|---|---|---|---|---|
| State Bank of India | Bank | 75% | 9–11% p.a. | Lower rates for existing customers; agriculture-linked gold loans cheaper. |
| HDFC Bank | Bank | 75% | 9–16% p.a. | Quick disbursal at gold-loan branches; processing fee applies. |
| ICICI Bank | Bank | 75% | 10–17% p.a. | Bullet repayment options for shorter tenures. |
| Canara Bank | Bank | 75% | 9–11% p.a. | Strong south-India branch network for gold loans. |
| Muthoot Finance | NBFC | 75% | 10–22% p.a. | Many schemes; rate depends on LTV chosen — higher LTV means higher interest. |
| Manappuram Finance | NBFC | 75% | 10–22% p.a. | Short-tenure schemes with online interest payment. |
| IIFL Finance | NBFC | 75% | 11–24% p.a. | Doorstep gold loan service in larger cities. |
How gold loan valuation works
Lenders value only the gold content of what you pledge: net weight after excluding stones, times purity, times a reference rate — most use a 30-day or 22K benchmark average rather than the day's spot price, which is why sanctioned amounts often land slightly below this calculator's estimate when prices are rising (and above it when prices are falling).
The RBI caps how much of that value can be lent. The standard cap is 75%, with higher LTV permitted for small-ticket loans under the 2025 lending directions. Within the cap, lenders trade off LTV against interest: maximum-LTV schemes carry the highest rates. If you can pledge slightly more gold at a lower LTV, the interest saving over a year is often substantial.
Check the fine print on three things before signing: how interest is charged (monthly rests versus bullet), prepayment charges, and the auction notice process. And never pledge at an unregistered lender — bank and NBFC pledges are regulated, insured and auditable.
Frequently asked questions
How much gold loan can I get per gram today?
At today's 22K rate of ₹13,185 per gram and the standard 75% loan-to-value, lenders can offer up to about ₹9,889 per gram of 22K jewellery. Actual sanction may be slightly lower because many lenders value gold at a 30-day average rate.
What is LTV (loan-to-value) in a gold loan?
LTV is the loan amount as a percentage of your gold's market value. RBI caps standard gold loans at 75% LTV; under newer RBI directions, smaller loans can qualify for higher LTV (up to 85% for the smallest ticket sizes). A lower LTV means a smaller loan but usually a lower interest rate.
Should I take a gold loan from a bank or an NBFC?
Banks generally charge lower interest but are slower and stricter on documentation. Gold-loan NBFCs disburse within minutes, accept a wider range of jewellery and offer flexible schemes, at higher interest. For short-term needs the NBFC convenience can be worth it; for longer tenures the bank rate difference compounds.
What happens if I can't repay a gold loan?
The lender must send notices and give you a chance to regularise before auctioning your gold. Any surplus from the auction over your dues must be returned to you. Interest keeps accruing until settlement, so it is usually better to pay interest periodically than let it compound to the auction stage.
Do lenders accept all purities of gold?
Jewellery of 18K and above is broadly accepted; 22K fetches the highest per-gram amount. Banks generally do not lend against bars, and coins are accepted only within limits (bank-minted, typically up to 50 grams). Stones are excluded from the valuation weight.
More tools
Jewellery price · Old gold value · Purity & weight converter · Today's gold rate in India