Banks neither accept gold bars nor gold bullion for gold loan. You can avail gold loan against gold coins but they must be 99.99% pure with weight not exceeding 50 grams.

Investing in gold and other precious metals, and particularly in physical precious metals, comes with risk, however, including the risk of loss. While gold is often considered a “safe haven” investment, gold and other metals are non-impervious to price declines.