What you need to know
RBI allows loans only against gold (and silver) jewellery, ornaments and coins. Loans against primary gold such as bullion or bars, or to buy gold or gold ETFs, are not permitted.
Accepted vs not accepted
| Item | Status |
|---|---|
| Gold jewellery and ornaments | Accepted — up to 1 kg per borrower |
| Gold coins | Accepted — up to 50 g in total (bank-issued preferred) |
| Gold bars / bullion / biscuits | Not accepted |
| Gold ETFs, mutual funds, SGBs | Not accepted as gold collateral (separate loans against securities exist) |
| Silver jewellery / coins | Accepted under the same rules — up to 10 kg ornaments, 500 g coins |
Frequently asked questions
Can I pledge someone else’s jewellery?
Only if you are the owner; lenders may ask for an ownership declaration.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.