Pledged gold release
Release your pledged gold in Hyderabad
We buy your pledged gold at the day's current market price, clear your loan with your lender, and pay you the rest of the money.
Get your pledged gold out of the lender and keep the rest of the money
If your gold is pledged with a bank, a finance company or a local lender, ClearKarat can buy it at the day's current market price, clear your loan with the lender, and pay you the money that remains. You do not have to arrange the repayment yourself first.
Pledged gold, in one line
How it works, step by step
- Message us the basicsLender name, loan amount and the approximate weight of your gold.
- We confirm the payoffWe check the exact figure with your lender.
- You get the written slipThe day's market value of your gold, minus the loan payoff and any charge, equals the money you receive. Every line can be questioned.
- You agreeNothing is bought until you say yes.
- We clear your loanWe pay the lender the payoff and the pledged gold is released to us.
- You receive the restThe remaining money is paid to you, with a receipt for every rupee and every gram.
An example with round numbers
| Line on the slip | Example |
|---|---|
| Value of your gold at the day's price | ₹ 1,50,000 |
| Less: loan payoff to your lender | ₹ 60,000 |
| Less: any charge, named on the slip | ₹ 0 to the amount shown |
| Money paid to you | ₹ 90,000 |
These are round example numbers to show the structure of the slip. Your figures depend on your gold's weight and purity, the day's rate and your lender's payoff.
What to keep ready
- Photo ID.
- The lender's name and your loan account number.
- The pledge receipt or loan agreement, if you still have it.
- If the receipt is lost, tell us. We will explain what your lender can provide instead.
What if the gold is worth less than the loan?
If the value of your gold at the day's price is lower than the loan payoff, nothing would be left to pay you. We tell you this on the slip before you decide, and your gold stays with your lender. Nothing changes for you.
Think about timing
Interest on a gold loan keeps building up, and lenders can auction pledged gold if a loan is overdue and notices are ignored. If your loan is close to its due date, tell us when you message so we can help in time. Our guide to releasing pledged gold explains the whole process, and our guide on selling gold or keeping the gold loan helps you decide.
Talk to us on WhatsApp
Fill in what you know. We reply on WhatsApp.
Pick a form. Your details become a ready-to-send WhatsApp message to +91 63006 95591. You can read the exact message below the form, and nothing goes out until you tap send in WhatsApp.
Release and sell your pledged gold
Tell us where your gold is pledged. We buy it at the day's current market price, clear your loan, and pay you the rest. We reply with what we need to confirm the payoff and prepare your written slip.
Sell your old gold
Describe what you have. We reply with how to bring it in, or with what is possible where you are.
Ask a question
Not sure which path fits? Write your question and we will answer on WhatsApp.
Questions
Straight answers
How do I release pledged gold with ClearKarat?
You tell us the lender, the loan amount and the approximate weight of your gold. We confirm the exact payoff with your lender and give you a written slip. If you agree, we buy your gold at the day's current market price, clear your loan with the lender, and pay you the money that remains.
What if my gold is worth less than my loan?
Then nothing would be left to pay you, and we will tell you so on the slip before you decide. Your pledged gold simply stays where it is with your lender and nothing changes for you.
What documents do I need?
A photo ID is needed for every sale. For pledged gold, also keep your lender's name, your loan account number and the pledge receipt if you still have it. If the receipt is lost, tell us and we will explain what your lender can provide instead. Bills or hallmark papers for old gold help but are not required.
How and when will I be paid?
The amount, the way you are paid and the timing are agreed and written on your slip before anything moves. You will also get a receipt for every rupee paid and every gram handed over.
Do I have to sell my gold after it is weighed and tested?
No. You can say no at any step. Nothing is bought, melted or kept until you agree, and old gold you brought in goes straight back into your hands.
Which areas do you serve?
Our address is near Manjeera Trinity Homes in Kukatpally, Hyderabad, and we serve customers across Hyderabad. We also serve customers elsewhere in India and abroad. Message us your city or country on WhatsApp and we will explain exactly how it works for you before you send anything.
Start with one message
See the weight. See the test. See the price. Then decide.
Send us a line on WhatsApp. We will tell you what we need, and you will not be asked to commit to anything.