When a gold loan goes into default, banks auction the pledged ornaments to recover the loan amount — as required under RBI guidelines. Browse live and upcoming auctions from partner banks across India.
Listings and counts are based on current uploads from partner institutions and may change as new auctions are added.
A bank gold auction is the sale of gold ornaments pledged against a gold loan, held after the borrower has not repaid within the notice period set by the bank. Under RBI rules, the original borrower retains the first right to reclaim the ornament any time before it's handed to the winning bidder — even during a live auction.
Every packet listed carries its gross weight, net weight, and tentative purity as declared by the bank, so bidders can make an informed bid before the auction closes.
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Partner banks include ICICI Bank, Axis Bank, Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, CSB Bank, DCB Bank, Bandhan Bank, UCO Bank, Karnataka Bank, Karur Vysya Bank, and more, with new partners onboarded regularly.
Yes — you can participate in any listed auction across India, provided you can arrange inspection, payment, and pickup at the relevant branch, or authorise someone locally to do so.
Yes. As per RBI guidelines, the original borrower can reclaim the pledged ornament any time before it is handed over to the winning bidder, even during a live auction.
The process is largely the same, but bank auctions are run directly by scheduled commercial banks, while NBFC auctions come from gold-loan NBFCs like Muthoot or IIFL. Both follow the same RBI-guided recovery process.
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