Release Your Gold & Silver
Turn gold and silver pledged with a bank or NBFC into instant money, with our trusted, transparent release and buying service.
Close Old Gold Loans, Unlock Your Gold's Value
Many customers have gold or silver pledged with banks and NBFCs from an old loan they no longer need. Our release service helps you clear that pledge and, if you choose, sell the released gold to us on the same visit, without any take-over charges.
Our team guides you through the paperwork required to close the existing pledge, then tests and values your gold transparently once it's released, so you know exactly what you're getting.
Why Release Through Us
- No take-over chargesWhen releasing gold pledged with another lender.
- Guided paperworkWe help you understand what's needed to close the pledge.
- Same-day valuationOnce your gold is released, if you wish to sell.
- Transparent XRF testingSo you see the exact purity and weight.
- Instant cash paymentAfter you agree to sell.
What You'll Need to Bring
To release a pledge, bring your original loan/pledge document from the lender and a valid government-issued photo ID (Aadhaar, PAN, voter ID or passport). Have the total payoff amount ready, or confirm it with our team in advance so there are no surprises on the day.
Common Reasons Customers Release Pledged Gold
Some are simply done paying interest on a loan they no longer need and want their jewellery back. Others release specifically to sell, often because the gold's current market value now exceeds what they'd get from continuing to hold it against an old loan. Either way, our team walks you through the numbers before you decide.
What Happens to the Existing Loan Amount
Releasing a pledge means settling the outstanding loan balance, including any interest accrued, directly with the original lender. Once that is cleared and your gold is physically released, it belongs to you again with no restrictions, at that point you can keep it, or bring it to us for testing and an immediate sale. If your goal is to sell, it often makes sense to check the current value of your gold before releasing it, so you know upfront whether selling will comfortably cover the payoff amount with money left over, or whether you would rather plan differently.
Releasing From a Bank Versus an NBFC or Private Lender
The exact paperwork can vary slightly depending on whether your gold is pledged with a nationalised bank, a private bank, an NBFC, or a private financier, but the core requirement is the same everywhere: a clear payoff amount and proof of loan closure before the gold can be physically handed back to you. Our team has helped customers release pledges from all of these lender types and can talk you through what to expect based on where your loan currently sits.
Release Gold & Silver, FAQs
What does "releasing" pledged gold mean?
If you've taken a gold loan and pledged jewellery with a bank or NBFC, releasing means clearing that loan so the gold is returned to you free of pledge, which we can then help you sell if you choose.
Do you charge take-over fees?
No. We do not charge any take-over fees when helping release gold pledged with another lender.
Can I release my gold and sell it in the same visit?
Yes. Once your gold is released, our team can test and value it the same day if you wish to sell it for instant cash.
What documents do I need to release pledged gold?
You'll generally need your original pledge/loan document from the lender, a valid government-issued photo ID, and the payoff amount ready to settle the loan. Our team can confirm the exact requirements for your specific lender.
Can you help release gold pledged with any bank or NBFC?
We assist with releases from most major banks and NBFCs in Chennai. Bring your loan documents and our team will confirm the process and payoff amount for your specific lender.
Is it better to release and sell, or release and keep the gold?
This depends on your needs. If you no longer need the piece, releasing and selling in one visit avoids a second trip and extra handling. If it holds sentimental value, you can release it and simply take it home, there's no obligation to sell.
Will releasing my gold affect my credit score?
Settling a pledged gold loan in full and releasing the item typically closes the loan account with the lender, which is generally reported positively; specific impact depends on your lender's reporting practices.