| Karat | Market Price |
Direct Agri | Non-Agri | Monthly Interest Servicing (Non-Agri) |
GL-OD (Non-Agri) 12M |
|||
|---|---|---|---|---|---|---|---|---|
| 12 Month | 6 Month | 12 Month | 6 Month | 12 Month | 36 Month | |||
Step-by-step guide for bank employees:
A Gold Loan is a secured loan where customers pledge their gold jewellery or ornaments as collateral to receive funds from the bank. ICICI Bank offers gold loans under various schemes to meet different customer needs.
Key features of ICICI Bank Gold Loans:
Designed for farmers and agricultural workers. This scheme provides funds for crop cultivation, farm equipment purchase, irrigation, and other agricultural purposes. The lending rate is calculated at 75% LTV for 12-month tenure and 74% for 6-month tenure.
For non-agricultural purposes such as business expansion, medical emergencies, education, home renovation, and personal needs. LTV ratio is 64% for 12-month and 69% for 6-month tenure.
Customer pays only interest every month and repays the principal at the end of the tenure. Suitable for customers with regular monthly income. Available for 12-month and 36-month tenures.
Gold Loan Overdraft facility for non-agricultural purposes. Customer gets an overdraft limit against gold and pays interest only on the amount utilized. Maximum LTV of 75%.
Gold purity is measured in karats. The higher the karat, the purer the gold and the higher the lending rate.
| Karat | Purity | Common Use |
|---|---|---|
| 24K | 99.9% pure | Coins, bars |
| 22K ★ | 91.6% pure | Jewellery (most common) |
| 21K | 87.5% pure | Jewellery |
| 20K | 83.3% pure | Jewellery |
| 19K | 79.2% pure | Jewellery |
| 18K | 75.0% pure | Jewellery, watches |
★ 22K is the most common karat for gold jewellery in India and is used as the base rate for all calculations in this tool.
LTV (Loan-to-Value) ratio is the percentage of the gold's market value that the bank lends as a loan. For example, if LTV is 75% and gold value is ₹10,000, the bank will lend ₹7,500.
The lending rate = Gold Market Price × (Karat/22) × LTV%. The market price changes daily based on MCX/international gold prices.
22K is the most common purity for gold jewellery in India. The bank announces the 22K rate daily, and all other karat rates are derived proportionally from this base rate.
Agriculture gold loans are given to farmers for farming activities and have a higher LTV (75%). Non-agriculture loans are for other purposes and have a slightly lower LTV (64-69%).
Gold rates change every day based on market conditions. Bank employees should update the 22K rate in this calculator every morning with the latest rate provided by the bank.
Last updated: April 2026
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Gold Loan Rate Calculator
This tool is designed to help bank employees and customers quickly calculate gold loan lending rates based on the current 22 Karat gold market price.
The calculator uses standard Loan-to-Value (LTV) ratios to compute lending rates across all gold karat categories — from 18K to 24K — for various loan products including Direct Agriculture, Non-Agriculture, Monthly Interest Servicing, and GL-OD schemes.
This is an independent tool built to simplify daily rate calculations. All rates are approximate and should be verified with the bank before processing any loan.
For any queries, suggestions, or feedback regarding this calculator, feel free to reach out to us:
We typically respond within 1-2 business days. Your feedback helps us improve this tool for everyone.