Gold loan per gram today
The most a lender can give per gram of gold jewellery, valued at a 22K rate of ₹13,660 a gram (6 October 2026; see today's gold rate). Lenders value gold at the lower of the previous day's rate and the 30-day average, so their figure can differ a little.
| Purity | Value per gram | At 85% LTV | At 80% LTV | At 75% LTV |
|---|---|---|---|---|
| 24K | ₹14,898 | ₹12,663 | ₹11,918 | ₹11,173 |
| 22K | ₹13,660 | ₹11,611 | ₹10,928 | ₹10,245 |
| 20K | ₹12,422 | ₹10,559 | ₹9,938 | ₹9,317 |
| 18K | ₹11,184 | ₹9,507 | ₹8,948 | ₹8,388 |
And the most you can borrow on 22K jewellery of common weights, repaid by EMI:
| 22K gold | Value | LTV | Maximum loan |
|---|---|---|---|
| 5 grams | ₹68,300 | 85% | ₹58,055 |
| 10 grams | ₹1,36,600 | 85% | ₹1,16,110 |
| 20 grams | ₹2,73,200 | 85% | ₹2,32,220 |
| 50 grams | ₹6,83,000 | 75% | ₹5,12,250 |
| 100 grams | ₹13,66,000 | 75% | ₹10,24,500 |
RBI's gold loan rules (LTV limits)
RBI's Lending Against Gold and Silver Collateral Directions, 2025 apply to every bank, NBFC, co-operative bank and housing finance company from 1 April 2026. For consumption loans (personal needs, not business or farming), the loan-to-value (LTV) limit depends on the loan size:
| Loan amount | Maximum LTV |
|---|---|
| Up to ₹2.5 lakh | 85% |
| Over ₹2.5 lakh up to ₹5 lakh | 80% |
| Over ₹5 lakh | 75% |
- The LTV must be maintained for the whole loan, not just at the start.
- For a bullet loan, the LTV is worked out on the full amount due at maturity, interest included; such loans run for 12 months at most.
- You can pledge up to 1 kg of gold ornaments and 50 grams of gold coins in all.
- No loans against gold bars, gold ETFs or mutual funds, or to buy gold.
Gold loan interest rates in October 2026
SBI's gold loans start from 9.15% a year. Banks generally charge less than gold loan NBFCs, which offer many schemes where a lower LTV comes with a lower rate. Rates also depend on how you repay and the tenure. Check SBI's rates and the Key Facts Statement of any lender you consider: it must show the annual percentage rate including processing and valuation charges.
EMI, monthly interest or bullet: what ₹1 lakh costs
| Repayment | Each month | At the end | Total interest |
|---|---|---|---|
| EMI every month Principal and interest together | ₹8,792 | – | ₹5,499 |
| Interest every month ₹1 lakh repaid at the end | ₹833 | ₹1,00,000 | ₹10,000 |
| All at the end (bullet) Up to 12 months | – | ₹1,10,000 | ₹10,000 |
For 12 months at 10% a year. EMIs cost the least because the principal falls every month. Monthly interest suits people who expect a lump sum, such as a harvest or a bonus, to repay the principal. Bullet loans are taken here as simple interest; some lenders compound monthly on unpaid interest, which costs a little more.
If the gold price falls, or you cannot repay
- If gold falls enough to breach the LTV, the lender can ask you to repay part of the loan or pledge more gold.
- Before an auction, the lender must give you notice to repay. The reserve price must be at least 90% of the gold's current value (85% if two auctions fail), and any surplus after recovering dues is returned to you.
- After you repay in full, the gold must be returned the same day and within seven working days at most; the lender pays ₹5,000 for each day of delay beyond that.
Gold loan or personal loan?
A gold loan is secured, so it is usually cheaper and faster than a personal loan, needs no income proof and does not depend much on your credit score. The trade-off is the risk to jewellery you may value beyond its price. Borrow for a short term, keep the receipt and the valuation slip, and use the EMI calculator to compare it with other loans.
Frequently asked questions
How much gold loan can I get per gram?
Up to 85% of the gold's value for loans up to ₹2.5 lakh. With 22K gold valued at about ₹13,660 a gram (6 October 2026), that is up to about ₹11,611 a gram. Lenders value gold at the lower of the previous day's rate and the 30-day average, and may lend less than the maximum.
What is the LTV limit for gold loans in 2026?
Under RBI’s Lending Against Gold and Silver Collateral Directions, 2025 (in force from 1 April 2026), consumption gold loans can be up to 85% of the gold’s value for loans up to ₹2.5 lakh, 80% for ₹2.5–5 lakh and 75% above ₹5 lakh. The ratio must hold for the whole loan.
Why is a bullet repayment gold loan smaller?
For a bullet loan, where everything is repaid at the end, RBI counts the interest due at maturity within the LTV. So on gold worth ₹2 lakh, a 12-month bullet loan at 10% can be about ₹1,54,545, against ₹1.7 lakh with EMIs. Bullet loans also run for 12 months at most, though they can be renewed.
How is my gold valued for a loan?
At the lower of the average closing price of the previous 30 days and the previous day’s closing price, for gold of the same purity, as published by the India Bullion and Jewellers Association or a commodity exchange. Only the gold content counts: stones, enamel and other material are left out of the weight.
What happens if the gold price falls during my loan?
The lender must keep the loan within the LTV limit throughout, so a sharp fall can lead to a request to repay part of the loan or pledge more gold. If dues are not paid, the lender must give notice before auctioning the gold, set a reserve price of at least 90% of its current value, and return any surplus.
How soon do I get my gold back after repaying?
The lender must return the pledged gold the same day, and in any case within seven working days of full repayment. For each day of delay beyond that, it must pay you ₹5,000 in compensation.
How much gold can I pledge?
Up to 1 kg of gold ornaments and 50 grams of gold coins in all, across all your gold loans. Loans are not given against gold bars, gold ETFs, gold mutual funds or as finance to buy gold.
Sources
- RBI – Lending Against Gold and Silver Collateral Directions, 2025
- State Bank of India – loan interest rates
Last updated 6 October 2026. Results are estimates for planning only and are not investment, tax or legal advice. See our disclaimer.