New Delhi, June 24 -- Find out how today's gold rate affects your eligibility for a gold loan and how to estimate the amount you can borrow against your gold.

If you own gold and are considering a loan against it, the first number you need to know is the gold rate. The gold rate directly determines how much loan you are eligible for-and understanding this connection helps you plan your borrowing with confidence.

When you apply for a gold loan, the lender does not use the gold price you see on a financial app or news channel. Instead, lenders use the lower of the previous day's closing price or the 30-day average price published by the India Bullion and Jewellers Association (IBJA) or a SEBI-regulated commodity exchange. This approach en...