Livemint has reported the Tanishq gold rate for Tuesday, November 3. The report lists prices for 24 carat, 22 carat and 18 carat gold. It also covers the latest metal trend.
If you own gold or plan to borrow against it, this daily price matters. It shapes how much a lender will value your jewellery. Check the rate before you visit a branch.
Key takeaways
- Livemint reported Tanishq's 24, 22 and 18 carat gold rates for November 3.
- Carat shows purity. A higher carat means more pure gold and a higher price per gram.
- A gold loan is a share of your gold's value, so a rate change shifts your loan amount.
- A retail jeweller's rate is not the same as a lender's valuation.
How carat prices work in simple terms
Carat tells you how pure the gold is. 24 carat is almost pure gold, at about 99.9% purity. It's soft, so jewellers rarely use it for everyday ornaments.
22 carat gold is about 91.6% gold. The rest is other metals that add strength. Most Indian jewellery is 22 carat. 18 carat gold is 75% gold, so its price per gram is lower still.
As reported, the three prices differ because the purity differs. Retail rates can also vary by city and by jeweller. Making charges and taxes are often extra. You can see the daily price on our gold rate today page.
What the daily gold rate means for a gold loan
When you take a gold loan, the lender doesn't give you the full value of your gold. It lends a share of it. This share is called loan-to-value, or LTV. The RBI sets a cap on it, and the cap is lower for bigger loans.
Let's use a simple example. These numbers are only for illustration. They aren't the real rate from the report.
Suppose your 22 carat gold is valued at ₹10,000 a gram. You pledge 20 grams. The gold is worth ₹2,00,000. At a 75% LTV, you can borrow up to ₹1,50,000.
| Price per gram (example) | Value of 20 grams | Loan at 75% LTV |
|---|---|---|
| ₹9,000 | ₹1,80,000 | ₹1,35,000 |
| ₹10,000 | ₹2,00,000 | ₹1,50,000 |
| ₹11,000 | ₹2,20,000 | ₹1,65,000 |
So a ₹1,000 change in the price per gram changes your loan by ₹15,000. You can see per-gram loan values on our gold loan rate today page.
Who is affected by a gold rate change
People with an open gold loan are affected most. If the price falls a lot, the loan can become too large for the gold's value. The lender may then ask you to pay some money or top up the pledge.
New borrowers are affected too. A higher price means a bigger loan on the same gold. A lower price means a smaller one.
People who plan to buy jewellery also watch the rate. A lower rate can mean lower cost per gram. But making charges and taxes can still change your final bill.
What to do now
You don't need to rush because of one day's rate. A few calm steps will help you.
- Check the 22 carat rate, since that's what most home jewellery is.
- Weigh your gold and note its purity, without stones.
- Ask two or three lenders for their per-gram value and interest rate.
- Work out your monthly cost with an EMI calculator.
- Borrow only what you need, and keep a cushion in case the price falls.
If you want to learn more, read our gold loan guide before you apply.
Frequently asked questions
Why are 24 carat, 22 carat and 18 carat gold prices different?
The price follows the purity. 24 carat has the most pure gold, so it costs the most per gram. 22 carat and 18 carat have more other metals, so they cost less.
Will my lender use the Tanishq rate for my gold loan?
Not usually. Lenders use their own price benchmark and test your gold's purity and weight. Ask your lender for its per-gram value before you apply.
Should I take a gold loan when the gold rate is high?
A high rate gives you a bigger loan on the same gold. But gold can fall later, so borrow only what you can repay. Keep some safety margin.
BankCreds analysis
A single day's rate is not a reason to act. Gold prices go up and down all the time. What matters is the gap between your loan and your gold's value.
Take a family with a ₹1,50,000 loan on 20 grams of 22 carat gold. At ₹10,000 a gram, the gold is worth ₹2,00,000. If the price slips 10%, it's worth ₹1,80,000. Your loan is then 83% of the value. That's close to the lender's comfort limit.
What this does not mean
A retail rate from one jeweller is not what your lender will use. Lenders use their own price benchmark. They also deduct for impurities and stones. So don't expect a loan equal to the rate you read in the news. Check your lender's own per-gram value before you decide.
This section is BankCreds' own assessment of what the development means for Indian borrowers and savers. It is independent commentary, not part of the source reporting above.
Sources & references
- Livemint — originating report https://www.livemint.com/money/personal-finance/untitltanishq-gold-rate-today-in-india-nov-3-tuesday-price-of-24-carat-22-carat-18-carat-check-latest-metal-movemen-11793705934930.html
- RBI Master Directions — RBI sets the cap on how much of your gold's value a lender can lend https://www.rbi.org.in/Scripts/BS_ViewMasDirections.aspx
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Editorial note & disclaimer
How this was reported. The development above is attributed to the source or sources listed. BankCreds does not independently verify a third party's reporting; where a figure or a regulatory position is stated as fact, it is either attributed or drawn from the regulator's own published material. Everything under "BankCreds analysis" is our own assessment.
Rates and figures. Interest rates, per-gram values and premium bands quoted here are indicative, move daily, and differ by borrower profile, city and lender policy. Confirm the final number with the institution before you act on it — the sanction letter or policy schedule governs, not a news report.
Not financial advice. This article is general information for an Indian audience. It is not investment, tax, credit or insurance advice, takes no account of your circumstances, and BankCreds is not a lender, broker, distributor or advisor. Consider speaking to a SEBI-registered investment adviser or a qualified professional before acting.
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