Gold Loan: Get Up to ₹95,000 on 10 Grams! Know Calculation & Key Factors

• Gold loans provide quick financial relief, with banks offering up to 75% of the gold's market value as per RBI regulations.
• A 10-gram 22-carat gold ornament, valued at ₹1,24,000, can fetch approximately ₹93,000, subject to daily gold price fluctuations.
• Loan amount is determined by gold purity (18, 20, 22 carat); 24-carat bars/coins might not be accepted by all banks for loans.
• Expect 0.5-1% processing fees and 8-12% interest from banks; private lenders may charge more. Making charges are excluded from valuation.
• Gold loans are accessible due to minimal documentation and no CIBIL score requirement.

Why It Matters: Get up to 75% of your gold's value as a loan, considering purity, fees, and market price.