Union Bank Gold Loan Per Gram Today, 10 October 2026: How Much Loan for 1 Gram of Gold?
Today's numbers first (2026-10-09): 24k references ₹14943/g, so 22k pledges ceiling near ₹10,266/gram under the 75% cap. Union Bank quotes at or under that per scheme, on a 8.65%–9.9% rate board — the tables below price both sides.
Everything here is indicative, published for comparison — BankCreds lends nothing; verify live rates, charges and eligibility with the lender before acting.
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Union Bank gold loan per gram today
On today's reference of ₹14,943 per gram of 24K (updated 2026-10-09), a gram of 22K jewellery is worth about ₹13,688 and supports a maximum advance of roughly ₹11,635 per gram at Union Bank on a small pledge.
Union Bank is a public-sector lender, which shapes the per-gram answer twice: the advance follows the same regulatory ceiling as everyone else, and the appraisal behind it tends to be the most conservative in the market.
Published per-gram figures, this page's included, hide something: <strong>the advance per gram is not constant</strong>. Larger pledges get proportionally less, because RBI caps loan-to-value in tiers by loan size — 85% up to ₹2.5 lakh, 80% up to ₹5 lakh and 75% above. So the same 22K bangle lends ₹11,635 as part of a 10-gram pledge and only ₹10,266 as part of a 100-gram one — a difference of ₹1,369 per gram for identical metal.
Union Bank then applies its own scheme rules inside that ceiling. It lends from ₹10,000 to ₹30 lakh, over up to 12 months retail; longer agri, at an indicative 8.65%–9.9%. Holding cost follows the advance: each gram of 22K pledged meters roughly ₹84 to ₹96 a month in interest depending on the scheme.
Union Bank gold loan amount for 1g, 5g, 10g, 20g, 50g and 100g
Six common pledge weights, priced at today's 22K reference. The column worth reading is the per-gram one — it is not constant, which is the single most misunderstood thing about gold lending.
| Gold (22K) | Value | LTV tier | Loan amount | Effective per gram | Interest/month | At Union Bank? |
|---|---|---|---|---|---|---|
| 1 gram | ₹13,688 | 85% | ₹11,635 | ₹11,635 | ₹84–₹96 | Within limits |
| 5 grams | ₹68,440 | 85% | ₹58,174 | ₹11,635 | ₹419–₹480 | Within limits |
| 10 grams | ₹1,36,880 | 85% | ₹1,16,348 | ₹11,635 | ₹839–₹960 | Within limits |
| 20 grams | ₹2,73,760 | 85% | ₹2,32,696 | ₹11,635 | ₹1,677–₹1,920 | Within limits |
| 50 grams | ₹6,84,400 | 75% | ₹5,13,300 | ₹10,266 | ₹3,700–₹4,235 | Within limits |
| 100 grams | ₹13,68,800 | 75% | ₹10,26,600 | ₹10,266 | ₹7,400–₹8,469 | Within limits |
Interest column spans Union Bank's 8.65%–9.9% scheme band. Figures assume clean 22K metal at the indicative reference; stones, solder and assessed purity reduce them at the counter.
The practical reading: up to about 21 grams of 22K you stay inside the 85% tier. Between roughly 21 and 45 grams you fall to 80%, and past about 45 grams the 75% cap binds. If your requirement sits near one of those lines, carrying slightly less gold can raise the proportion you are advanced — a counter-intuitive result worth checking before you empty the locker.
Union Bank lends from ₹10,000, low enough that every weight in the table above is a real transaction here — which is not true at most bank counters, where small pledges are declined as uneconomic to process. Its ₹30 lakh ceiling is high enough that weight, not the lender, is your binding constraint.
Union Bank gold loan per gram calculator
Union Bank gold loan per gram calculator
Indicative, on the 2026-10-09 reference of ₹14,943/g (24k). RBI LTV tiers: 85% ≤₹2.5L, 80% ≤₹5L, 75% above. Lender schemes may advance less; stones/wastage count zero.
Put in your own weight and purity. Because the ceiling steps down with loan size, the answer for 15 grams is not simply half the answer for 30 — the calculator resolves that for you.
Make it realistic in two ways: deduct anything that is not metal, and assume an unmarked piece assays below its stamp. Union Bank will do both at the counter whether or not you do it here.
Union Bank gold loan interest rates →
Gold loan EMI calculator →
Today's gold rate, city-wise →
How Union Bank calculates gold loan per gram
Union Bank arrives at your number the same way every regulated lender does, in four steps — and three of them happen before the rate is ever mentioned.
- Net weight. What goes on the scale is not what counts. Solder, settings and stones are deducted, and for heavily worked pieces that deduction is the largest number in the whole calculation.
- Assessed purity. Purity is tested, not read off the stamp — touchstone and acid usually, sometimes XRF. A hallmarked 916 piece tests at 22K; older unhallmarked work often lands lower, and that judgement resets the calculation.
- Value at Union Bank's internal rate. Multiply the pure gold content by Union Bank's internal rate for the day. That rate tracks bullion but is deliberately smoothed, which is why it rarely matches the headline price exactly.
- The LTV tier. Value × the tier the resulting loan falls into: 85%, 80% or 75%. This is regulatory, identical at every lender, and the reason the per-gram figure shrinks on larger pledges.
Worked through on a real pledge at Union Bank: 18 grams of hallmarked 22K with 1 gram of stones. Net metal 17 grams, pure gold 17 × 0.916 = 15.6 grams, value at ₹14,943 per gram is about ₹2,32,692. That falls in the 85% tier, so the advance is roughly ₹1,97,788 — about ₹10,988 per gram of what you actually handed over, once the stones are accounted for.
Note the difference between the two per-gram figures above: one against pure content, one against the ornament you actually carried in. The second is what your loan divides by, and it is always the smaller.
Union Bank gold loan per gram for 22K, 20K and 18K gold
Karat is a direct multiplier on what you can borrow: 22K carries 91.6% gold, 18K only 75%, and Union Bank advances against that content rather than the ornament's weight.
| Purity | Value per gram | Per gram at 85% tier | Per gram at 75% tier | Accepted at Union Bank? |
|---|---|---|---|---|
| 24K | ₹14,943 | ₹12,702 | ₹11,207 | Bank-issued coins only, quantity capped |
| 22K | ₹13,688 | ₹11,635 | ₹10,266 | Yes |
| 20K | ₹12,448 | ₹10,581 | ₹9,336 | Yes |
| 18K | ₹11,207 | ₹9,526 | ₹8,405 | Yes — Union Bank's usual floor |
Nearly every Indian ornament you might pledge at Union Bank is <strong>22K</strong>, which is what a 916 hallmark certifies. Below that, <strong>20K</strong> turns up in older and regional work and <strong>18K</strong> mostly in studded designs — where the lower purity and the stone deduction compound against you.
<strong>24K</strong> is worth the most per gram but is the least useful collateral in practice: Union Bank takes coins rather than jewellery or bars, usually only bank-issued ones, and caps the quantity. If your holding is 24K bars, expect to need a different instrument entirely.
Gold rate vs gold loan per gram: why they are not the same number
Two different numbers, routinely confused: market value per gram, and advance per gram. Union Bank advances against the first but is capped well below it — ₹13,688 of 22K value supports ₹11,635 of borrowing on a small pledge, less on a large one.
Because the advance is a fraction of price, it inherits every price move. The last 30 days have taken 24K down ₹386 a gram, which works through to about ₹301 a gram of 22K borrowing power — meaning a pledge taken near the top of the market may be closer to its margin threshold than when it was written.
Plan for the downside, not the upside. A sharp fall in gold while the pledge is live can trigger a margin call at Union Bank even on a perfectly serviced loan, because the cover is measured against a moving price. Leaving headroom is the defence, and our auction risk calculator shows the price at which the question would arise on your own pledge.
How much can Union Bank lend against your gold?
Your maximum is whichever binds first: RBI's tier, Union Bank's own ₹10,000–₹30 lakh range, or the amount of jewellery you are actually prepared to part with. For most households it is the third.
The third is the one borrowers underweight. Because gold appreciates and the loan is secured, it is easy to pledge more than the need requires and roll it forward. The wide band means retail borrowers can land near 10% — ask where you fall and why
Eligibility itself is unusually simple: no income proof, no credit score, no employer category. KYC, ownership of what you pledge, and metal at or above the purity floor. That is the whole file, which is why gold lending reaches households that unsecured credit refuses outright.
What happens to the jewellery meanwhile: Standard PSU dual-custody sealed-packet strongroom protocol; pledge register entries and receipts itemize each ornament with gross/net weights. Check the net-weight figure before signing — it, not the gross, drives your eligible amount and any future dispute.
A worked case from Union Bank's own territory: A Hyderabad auto-parts trader covering a GST-refund gap — ₹7 lakh for 5 months at floor-band pricing his NBFC quote couldn’t approach.
If the figure this page produces falls short of your need, the answer is usually a different instrument rather than more jewellery. Compare against personal loans, and if your credit file is the obstacle, the low CIBIL guides set out what each score band can realistically access.
Gram-level math for Union Bank: advance and carrying cost
| Purity | Max advance/g | Interest/g/mo @ 8.65% | @ 9.9% |
|---|---|---|---|
| 24k | ₹11,207 | ₹81 | ₹92 |
| 22k | ₹10,266 | ₹74 | ₹85 |
| 20k | ₹9,336 | ₹67 | ₹77 |
| 18k | ₹8,405 | ₹61 | ₹69 |
*Indicative national reference, updated 2026-10-09; 24k coins/bars face quantity limits at banks. Union Bank's scheme LTVs may sit below the cap.
Union Bank's appraiser will land under these ceilings once stones and assessed purity speak — but the interest columns travel intact: whatever advance prints, the 8.65%–9.9% band converts it to ₹74–₹85 per gram per month.
How Union Bank's scheme board maps onto these numbers
Treat ₹10,266/g as the ceiling Union Bank prices down from, not a promise it prices at — scheme LTVs, assessed purity and stone deductions all pull the printed number lower, while your scheme choice sets the rate meter beside it.
Worth knowing before you go: the board leads with Union Gold Loan (retail). Consumption-purpose pledge lending with EMI and bullet options; floor pricing among the sharpest published by any bank.
Small-ticket exception worth knowing: under RBI's 2026 directions, consumption loans up to ₹2.5 lakh may go to 85% LTV (80% up to ₹5 lakh) — so modest pledges at Union Bank can legitimately beat this table's 75% figures. Above ₹5 lakh, the cap binds everywhere.
Union Bank गोल्ड लोन — हिंदी में जानकारी
आज Union Bank से 22 कैरेट सोने पर अधिकतम लगभग ₹11,635 प्रति ग्राम तक कर्ज मिल सकता है, पर यह आँकड़ा गिरवी के वजन के साथ बदलता है। नीचे वही सवाल हैं जो शाखा जाने से पहले साफ होने चाहिए।
Union Bank गोल्ड लोन प्रति ग्राम — अक्सर पूछे जाने वाले सवाल
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Union Bank gold loan — FAQs
How much does Union Bank give per gram of 22k gold today?
Why did the appraiser value my jewellery lower than this page?
Does the per-gram rate change daily at Union Bank?
Can I get more than 75% of my gold's value as a loan?
Is Union Bank's counter your best move?
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