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Home / Questions / Q 381319
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Anonymous
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What is the new rule from RBI for lending against gold jewelery

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  1. eAnswers Team

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    Added an answer on September 17, 2018 at 9:54 am

    Reserve Bank Of India has ordered to all the gold loan providers to value the cost of gold jewellery on the average closing price of 22 carat gold in the last 30 days in accordance to the Bombay Bullion Association (BBA). This step has been taken to keep the demand of Gold under check and to bring more transparency in gold transactions.

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