Sometimes we pawn gold jewelry to pawnshops when we are in dire need for money, instead of making a loan to banks or other companies we resort to pawnshops since its fast, less papers, and no need to wait for days to get your loan, and all you need is the collateral item which is gold jewelry.
Before we pawn gold to pawnshops we want to make sure we are not being deceived by the current gold loan value. And most pawnshops deem this information as classified, for the reason I don't know. It's a little hustle computing gold loan value since you don't know what exactly the loan value is.
List of Gold Loan Value Per Karat Per Gram
|Karats||Amount in PHP|
|24K or 999||PHP1,900.00|
|22K or 916||PHP1,700.00|
|21K or 875||PHP1,600.00|
|20K or 833||PHP1,550.00|
|18K or 750||PHP1,400.00|
|16K or 666||PHP1,300.00|
|14K or 585||PHP1,150.00|
|12K or 500||PHP950.00|
|10K or 416||PHP800.00|
Note: The gold loan provided above is the nearest possible gold loan value on most pawnshops like Cebuana Lhuillier, RD Pawnshop, Palawan Pawnshop, Maria Gracia Pawnshop, M Lhullier, Prime Asia Pawnshop, Gemmary Pawnshop and Jewellery, and other pawnshop and jewellery in Philippines. Gold loan may vary from less than 50 to 100 pesos or greater than 50 to 100. Gold loan value are subject to change from time to time, please revisit the blog for updates.
Disclaimer: The gold loan value 2014 presented above may or may not be accurate for all pawnshops, please read the note above for details. This article is based entirely on my research and experience, I also have friends on some of this pawnshops to get the information (credits to them).