SBI Gold Loan per Gram - 24K, 22K & 18K Rate

Life often throws unexpected financial challenges, be it a medical emergency, sudden educational expenses, or a golden business opportunity. In such situations, finding a quick and reliable source of funds becomes crucial. For many, a gold loan offers the perfect solution, fast, hassle-free, and secured against gold ornaments lying idle at home.

The State Bank of India (SBI) stands out as a trusted and widely preferred option among the various lenders offering gold loans in India.

This blog will guide you through everything you need to know about the SBI Gold Loan per gram, how it works, how the value is determined, and what factors you should consider before applying.

For more information or to apply, you can contact SBI’s customer care at 1800-1234 / 1800-2100, give a missed call on 7208933143, or send an SMS with “GOLD” to 7208933145 to request a callback.

Purity	Market Price/g	85% LTV	75% LTV	65% LTV
24 Karat	₹16,053*	₹13,645*	₹12,040*	₹10,434*
22 Karat	₹14,715*	₹12,508*	₹11,036*	₹9,565*
18 Karat	₹12,040*	₹10,234*	₹9,030*	₹7,826*

*Note that the per gram gold rates are dynamic in nature and for latest rates contact your respective bank.

Suggested Read: Gain Profit with Personal Loan to Buy Gold

Understanding “Per Gram” Value in SBI Gold Loans

When you hear terms like SBI Gold Loan per Gram, it refers to the amount SBI is willing to lend for every gram of gold you pledge. This “per gram” value is a key factor in determining how much loan you can get.

However, this rate is not fixed, it changes based on several key factors:

Purity of Gold (Karat Value)
The purity of your gold plays a major role in deciding the loan amount. Gold is measured in karats, with 24K being pure gold. Since pure gold is too soft for jewellery, most ornaments are usually 22K or 18K.

⇒ SBI generally accepts gold jewellery ranging from 18K to 22K.
⇒ Stones, gems, or other non-gold components are excluded during valuation.

Market Price of Gold
Gold prices fluctuate daily based on international and domestic markets. Since SBI bases its per-gram rate on current gold prices, the amount you get today might differ from what you could get tomorrow.

SBI’s Internal Policies & Loan-to-Value (LTV) Ratio
SBI follows rules from the Reserve Bank of India (RBI). They can give you up to 75% of your gold’s value.
For example, if your gold is worth ₹1,00,000, you can get a loan of up to ₹75,000.

Loan Scheme Variations
SBI offers different gold loan schemes, and rates may slightly vary depending on factors like:

⇒ Chosen tenure
⇒ Type of repayment plan
⇒ Promotional offers

Also Read: Best Festive Deals to Buy Gold Online

SBI Gold Loan per Gram Rate Based on Gold Purity

Based on a 75% LTV ratio, SBI typically offers the following gold loan rates per gram, depending on the purity:

• For 18K jewelry, the rate ranges from ₹7,826 to ₹10,234

• For 22K jewelry, the rate ranges from ₹9,565 to ₹12,508

• For 24K jewelry, the rate is between ₹13,645 and ₹10,434

Example

Here’s how loan amounts differ based on gold purity and weight:

Purity	Gold Weight	Eligible Loan Amount
22K (50 grams)	50 grams	₹ 6.02 Lakhs
20K (60 grams)	60 grams	₹6.62 Lakhs
18K (70 grams)	70 grams	₹6.32 Lakhs

Eligible Loan Amount is based on 75% LTV (Loan-to-Value) of the current gold price.
For 22K gold, the per gram rate is ₹11,036.
For 20K and 18K gold, the per gram rate is proportionally lower, i.e., around ₹9,030 and ₹10,300 respectively.

Suggested Read: Best Bank for Gold Loans in India

How SBI Calculates Gold Loan Amount

Here’s a simple example to show how your gold loan amount is calculated:

⇒ Gold pledged: 50 grams of 22K gold
⇒ Market price per gram (22K): ₹14,715*
⇒ Eligible per gram loan value (75% LTV): ₹11,036*
⇒ Total market value: 50 × ₹14,715 = ₹7,35,750*
⇒ Maximum loan amount (75%): ₹7,35,750* × 75% = ₹5,51,812*

So, for 50 grams of 22K gold, you can get a maximum loan of ₹5,51,812* from SBI. Per gram loan value: ₹11,036

Also Read: Identify Real & Fake Gold

Factors to Consider Before Taking an SBI Gold Loan

Before you head to the bank to pledge your gold, it’s important to understand a few key points. While SBI Gold Loans are convenient, being aware of the terms and conditions will help you avoid surprises later.

♦ Interest Rates and Fees
SBI offers competitive interest rates, generally ranging between 8.55% and 10.25% per annum. However, the exact rate depends on the loan amount, tenure, and scheme chosen.

♦ Repayment Options: SBI provides flexible repayment methods:

⇒ Bullet Repayment: Pay the interest periodically (monthly/quarterly), and repay the principal at the end of the tenure.
⇒ EMI-Based Repayment: Pay both principal and interest in regular instalments.

♦ Loan Tenure
SBI gold loans usually come with tenures ranging from 3 months to 36 months. Choose a tenure based on your repayment capacity to avoid penalties.

Reasons to Choose SBI Gold Loan per Gram

SBI offers gold loans that are customised to meet a variety of financial needs, whether it’s personal expenses, business requirements, or unforeseen emergencies. Here’s what makes an SBI Gold Loan per gram a smart choice:

⇒ Quick and Easy Processing: Minimal documentation with same-day disbursal in most cases.
⇒ Competitive Interest Rates: The gold loan per gram rate today ranges between ₹7,826 and ₹13,645, with interest rates starting from 8.70% per annum, often better than many private lenders and NBFCs.
⇒ Flexible Repayment Options: Choose between EMI-based repayment or bullet repayment schemes to suit your financial situation.
⇒ No End-Use Restrictions: Use the loan amount freely for education, healthcare, business, or personal needs.
⇒ Trusted Security: SBI ensures your gold is safely stored in secure vaults throughout the loan tenure.

Suggested Read: Types of Gold

How to Apply for an SBI Gold Loan

Applying for a State Bank of India gold loan per gram is straightforward. Here’s a step-by-step guide to help you through the process:

Step 1. Visit the Nearest SBI Branch

Look for an SBI branch that offers gold loan services. Most major branches provide this facility.

Step 2. Carry Necessary Documents

⇒ ID Proof: Aadhaar card, PAN card, Voter ID, Passport, etc.
⇒ Address Proof
⇒ Your gold ornaments/coins

Step 3. Submit the Application Form

Fill out a simple gold loan application form provided by the bank.

Step 4. Gold Valuation

The bank’s approved appraiser will:

⇒ Check the purity and weight of your gold.
⇒ Determine the SBI gold loan per gram rate today based on market prices.

Step 5. Verification

Bank officials will verify your documents and finalise the loan details.

Step 6. Loan Approval and Disbursal

Once approved, the loan amount is disbursed—usually on the same day—either in cash (up to a certain limit) or credited to your bank account.

SBI Gold Loan per Gram EMI Calculation

When taking a gold loan, understanding your repayment schedule is crucial. SBI offers flexible tenures, and your EMI will depend on the loan amount, interest rate, and chosen tenure. Below is an example of EMI calculations at an interest rate of 7.50% across different loan amounts and periods.


Loan Amount	1 Yr EMI (₹)	2 Yr EMI (₹)	3 Yr EMI (₹)
₹1 lakh	8,731	4,555	3,166
₹2 lakhs	17,462	9,109	6,332
₹2.5 lakhs	21,828	11,387	7,915
₹3 lakhs	26,194	13,664	9,498
₹4 lakhs	34,925	18,219	12,664
₹5 lakhs	43,656	22,774	15,830
₹7 lakhs	61,119	31,883	22,162
₹8 lakhs	69,850	36,438	25,328
₹10 lakhs	87,312	45,547	31,660

Note: These are indicative EMIs. Actual EMIs may vary based on the applicable interest rate and loan scheme. You can also use an EMI Calculator as per your needs.

Also Read: Check Gold Purity at Home

SBI Gold Loan per Gram Features & Charges

Now that you have an idea about potential EMIs, it’s equally important to understand SBI’s loan limits, margins, and associated fees before applying.

Loan Amount Limits

⇒ Maximum Loan Amount: ₹50.00 Lakhs
⇒ Minimum Loan Amount: ₹20,000

Margin (Based on Loan Type)

⇒ EMI-Based Gold Loan: 25%
⇒ 3 Months Bullet Repayment: 30%
⇒ 6 Months Bullet Repayment: 30%
⇒ 12 Months Bullet Repayment: 35%

Note: No further appraisal is required for up to two renewals, provided the gold remains with the bank.

Processing Fees

⇒ 3-Months Bullet Repayment Loan: ₹200 + GST
⇒ 6-Months Bullet Repayment Loan: ₹300 + GST
⇒ 12-Months Bullet Repayment Loan: 0.50% of the loan amount (Minimum ₹500, Maximum ₹10,000) + GST
⇒ EMI-Based Gold Loan: 0.50% of the loan amount (Minimum ₹500) + GST

These charges and margins help you estimate the total cost of borrowing and plan your repayment better.

Conclusion

An SBI Gold Loan is a smart and reliable way to unlock the value of your gold without having to sell it. Whether you need funds for personal expenses, business growth, or unexpected emergencies, understanding how the SBI gold loan per gram rate works can help you get the best deal.
By keeping track of daily gold prices, knowing how purity and weight affect your loan amount, and being aware of interest rates and charges, you can make an informed borrowing decision. With SBI’s trusted name, competitive rates, flexible repayment options, and secure handling of your gold, you get both peace of mind and financial flexibility.