CRN

/2019-20
Head Office: UCO BANK
Circular No.
Retail Banking & MSME (A Govt. of India
CHO/ RBD/33/2019-20
10, BTM Sarani, 2"^ Floor Underfoking)
Dated: 30/11/2019
Kolkata - 700 001 HONOURS YOUR TRUST

TO ALL BRANCHES/OFFICES IN INDIA

Financing against Gold Ornaments/Jewellery & Gold Coins - Rate oer aram for th#>
tortniaht from 01/12/2019 to 15/12/2019

We refer to the Master Circular no. CHO/Retail Banking/61/2015-16 dated 01/02/2016 on Gold
Loan Scheme applicable for all Branches.

We would like to advise the following rates for 1(One) gram of Gold for the fortnight from
01/12/2019 to 15/12/2019 for loan against Gold Ornaments/Jewellery & Gold Coins:

SL
No
Carat Rate ot Gold per Gram
1 22 2600
2 21 2500
3 20 2350
4 19 2250
5 18 2150

The above mentioned rates of 1(One) gram Gold is net of margin of 25% for loan against Gold
Ornaments/Jewellery/Coins or 75% of the Local market value, whichever is lower, will be
applicable in all Zones for the fortnight ending 15/12/2019.
Ttiis rate will be applicable from 01/12/2019 to 15/12/2019.
As the gold price is fluctuating regularly, value of security covered by way of gold ornaments
must be checked every month to see that required margin is maintained all the time & vigorous
follow up must be made to recover the overdue amount, if any.
Please ensure that the loan accounts are regularly repaid as per the terms of sanction and
there should not be any NPA account under UCO Gold Loan Scheme. All accounts which are
presently NPA should be followed up vigorously and recovered within this week.

(Nldhu Saxena]
General Manager
Retail Banking & MSME

CC: UCO Online for uploading the Circular

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