Senior Gold Appraiser - Gold Loan

A Gold Loan Appraiser (or Valuation Officer) is a specialized role responsible for verifying the purity, weight, and value of gold jewelry pledged as collateral, primarily in NBFCs and banks. Key duties include testing gold purity using acid tests or electronic meters to ensure it meets lending norms.

Key Aspects Of The Role & Training

• Job Responsibilities: Appraisers test gold to determine its authenticity and market value , which directly informs the loan-to-value (LTV) ratio (often around 75%-90%). They are critical in preventing fraud and ensuring proper documentation.
• Hiring Companies: Major recruiters include Muthoot Finance , IIFL Finance , Manappuram , Muthoot FinCorp , and various banking institutions.
• Training & Certification: Many vocational centers, particularly in Tamil Nadu and Maharashtra (e.g., Salem, Coimbatore, Pune), provide specialized training in gold appraisal.
• Key Skills: Strong knowledge of gold, diamonds, precious stones, and the ability to detect fake jewelry