A gold loan auction is how banks and NBFCs recover value from gold pledged against a loan that wasn't repaid. It's a regulated, RBI-guided process, and every packet that reaches auction is open for public bidding.
Listings and counts are based on current uploads from banks and NBFCs and may change as new auctions are added.
When someone takes a loan against gold and does not repay within the lender's notice period, the lender, bank or NBFC, is permitted to auction the pledged ornament to recover the outstanding amount. This is a standard RBI-guided recovery step used across the industry.
The process is designed to stay fair on both sides: the borrower can reclaim the gold any time before it is handed to a winning bidder, and bidders get transparent weight and purity details before they bid.
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It is the sale of gold ornaments pledged against a loan that was not repaid within the lender's notice period, conducted as a public e-auction so the lender can recover the loan amount.
No. As per RBI guidelines, the borrower can reclaim the pledged ornament any time before it is handed to the winning bidder, even during a live auction.
The underlying process is the same; the difference is simply who is selling. Both follow the same recovery framework and are listed side by side here.
Every listed packet shows gross weight, net weight, and tentative purity as declared by the seller, so you can bid with that information upfront.
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