Date:25/05/2024

In today’s unpredictable world, life can throw unexpected expenses your way, such as sudden medical bills, educational expenses for your child, business needs, or unexpected debts When you’re short on cash, having a solution at hand can be a huge relief. That’s where gold loans come in handy, using your gold items to get you the money you need quickly.

As all gold is not valued in the same way. Some types of gold jewellery can get you a higher loan amount per gram and some lower. Let’s take a closer look at what factors influence these rates, so you can make the most of your gold assets when you need them most.

Here are some key considerations.

Karat: The purity of your gold, measured in karat, maximizes the value you can get per gram of gold credit. Gold jewellery or items weighing 22 carats or more bring the highest prices, as they are purer.

Loan-to-Value (LTV) Ratio: The LTV ratio determines the percentage of your total gold value that the lender is willing to offer as a loan. A high LTV ratio means you can get a guarantee of a higher price per gram of gold.

Current Gold Price: The market price of gold may affect the rate per gram you can get for your gold loan.

Other decorative items: If your gold jewellery contains decorative items, diamonds, precious stones and semi-precious stones then these additional factors are generally not considered in the rate per gram & can affect the overall value of your jewellery. 

Now, let’s focus on the type of gold ornaments that offer the highest value per gram on gold loans:

Gold ornaments or assets of 22 karats or higher are prized for their purity and fetch the maximum value on a gold loan. These high-quality gold items ensure that you receive the highest appraisal for your pledged gold.

Gold ornaments with purity levels of 18 karats or below may result in a reduced gold loan per gram rate. Additionally, jewellery adorned with diamonds or stones, commonly crafted on 18 karat gold, may not yield as high a loan valuation due to deductions based on the weight of these additional elements.

In conclusion, if you are looking for the highest price per gram in gold loan, choose 22-carat or high-purity gold jewellery free from additional decorations.

At Money2Me, we understand the importance of providing swift and convenient financial solutions to our customers. With our gold loan service, you can expect a easy borrowing experience, with approval in just 22 minutes. Enjoy the highest loan-to-value ratio (LTV) and the lowest rate of interest (ROI) on your gold assets, backed by 100% insurance coverage for your precious jewellery.

Say goodbye to lengthy paperwork and credit checks. Experience the peace of mind that comes with accessing instant funds against your gold assets, with Money2Me gold loans.

Reach out to us today and discover a smarter way to borrow.