Maximum Loan for 50 Grams of 24K Gold

Yes. Pure 24K gold (bullion bars and coins) yields the maximum loan per gram because it is 99.9% pure with zero alloy or stone deductions. However, RBI regulations impose specific rules:

• Bank-issued coins: Banks like SBI and ICICI accept specially minted bank gold coins up to 50 grams per customer.
• NBFCs (Muthoot, Manappuram): Accept 24K bars and coins from any recognized refiner or hallmarked mint with original purchase receipts.
• Bullion bars above 50g: Commercial banks typically do not lend against bullion bars exceeding 50g to individual retail borrowers under RBI prudential guidelines.

50 grams of 24K gold contains 49.95g of pure gold. In contrast, 50 grams of 22K jewellery contains 45.8g of pure gold and often has stone or enamel deductions. Pledging 24K bullion gives you ~9% more funds than equivalent weight 22K jewellery.