CAN WE PURCHASE LOAN ON GOLD OR SILVER ETF?

No, you cannot take a loan against Gold/Silver ETFs in India. As per the Reserve Bank of India (RBI) guidelines (2025), Gold ETFs, digital gold, and gold mutual funds are not accepted as collateral for loans. Only physical gold jewellery, coins, and ornaments are eligible.

Key Points on Loans Against Gold in India

Gold/Silver ETFs & Digital Gold/Silver: Not permitted as collateral for loans under RBI rules.
Eligible Collateral: Physical gold/Silver jewellery and bank-issued coins are allowed.
Loan-to-Value (LTV) Ratio: RBI caps the maximum loan at 75% of the value of the gold/Silver collateral.
Conditions:
- Gold must be assayed and valued by standardized procedures.
- Collateral must be securely stored and released only after repayment.
- Transparency in auction procedures if borrower defaults.

Comparison Table

Asset Type	Eligible for Loan?	Max Loan-to-Value (LTV)	Conditions
Gold/Silver Jewellery/Coins	✅ Yes	Up to 75% of value	Assaying, valuation, storage, auction rules
Gold/Silver Bars/Bullion	❌ No	Not eligible	Restricted by RBI
Gold/Silver ETFs	❌ No	Not eligible	Restricted by RBI
Digital Gold/Silver	❌ No	Not eligible	Restricted by RBI
Gold/Silver Mutual Funds	❌ No	Not eligible	Restricted by RBI

Risks & Considerations

Market Risk: Gold prices fluctuate, affecting loan eligibility and repayment burden.
Regulatory Restriction: Even though ETFs represent gold ownership, RBI excludes them to reduce systemic risk.
Liquidity: Loans against jewellery are easier to obtain but involve physical storage and valuation costs.

If your goal is to leverage gold investments for liquidity, you’ll need to use physical gold holdings rather than ETFs or digital formats. SOURCE: www.rbi.org.in

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