Gold Coin Rate in PNB

Can you tell me in detail about the rate of Gold Coin in PNB (Punjab National Bank) right now as I want to purchase it accordingly?

[Shaleen]

Although, GoI had placed certain restrictions on import of gold coins, yet Banks like SBI, BoB, ICICI, PNB, quote Gold Coin Rates on regular basis and update the same on websites.



Punjab National Bank Latest Gold Coin Rates 2013

AS ON 2 G 5 G 8 G 10 G 20 G
17-Apr-13 5,766.91 14,013.36 22,279.19 27,746.81 55,272.98
16-Apr-13 5,742.97 13,950.67 22,177.75 27,620.29 55,016.53
15-Apr-13 6,171.54 15,018.67 23,886.31 29,755.14 59,285.08
13-Apr-13 6,251.32 15,221.55 24,212.29 30,162.05 60,101.17
12-Apr-13 6,436.68 15,698.38 24,978.90 31,124.96 62,034.56
10-Apr-13 6,643.41 16,202.92 25,781.80 32,124.78 64,026.65
9-Apr-13 6,596.68 16,085.52 25,592.59 31,888.85 63,554.77

Scheme for Advance against Gold Jewellery/ Ornaments/ Coins

1. Purposes and Eligibility

Advance is basically available from productive point such as agricultural/allied and other activities as well as for non-productive purposes (meeting medical, educational, marriage expenses and other unforeseen expenses etc.).

2. Eligibility
Individuals & Business Enterprises

3. Quantum of Loan

Productive purposes - Need based, without ceiling.
Non-productive purposes - Maximum amount of Loan - Rs.10.00 lacs.

4. Security

Gold jewellery and ornaments and Gold coins. (In case of finance against Gold Coins, weight of the coin(s) must not go beyond 50 grams per customer.)

5. Nature of Facility

Loan is given by way of Demand Loan / Overdraft.

6. Margin

Gold - 5%
Silver - 15%

7. Rate of Interest




8. Upfront Fee

Upfront Fee: 0.70% + service tax & education cess.

9. Documentation Charges:

Up to Rs. 2 lakh Rs. 270/- + service tax & education cess; and
Over Rs. 2 lakh Rs.450/- + service tax & education cess.

10. Repayment

Demand Loan - Maximum 12 months.
Overdraft - Regular servicing of interest