Average Price per Gram (APG) of 22 carat Gold during preceding month as quoted by M/s India Bullion & Jewelry Association Ltd., to be considered for finance as follows – HO will communicate on 1st of every month, the quantum of loan per gram. However, the loan limit should not exceed 75% of the value of gold ornaments.
Scale of Finance, Rate per gram communicated by HO or 75% of the gold value whichever is less.