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As per RBI guidelines, what is the minimum gold purity required for availing gold loans?​
Question

As per RBI guidelines, what is the minimum gold purity required for availing gold loans?

A.

18 karat

B.

20 karat

C.

22 karat

D.

24 karat

E.

21 karat

Correct option is C

  1. RBI mandates that only jewellery of minimum 22 karat purity up to 24 karat is accepted for granting gold loans.

  2. This ensures the security of lending institutions and minimizes risk of low-quality collateral.

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