Pledged gold release — then sell if you want
We settle the dues with your lender, then buy the gold if you still want to sell.
Pledged gold release is the work we are known for on Erukkenchery High Road. Since 1996 we have helped families close a pledge and, if they still want to, sell the jewellery. We buy only after it is back in your hands — we do not hold it as a lender, and we do not lend.
Brand names below describe where your gold is pledged. Sri Lakshmi Aurum is not affiliated with Muthoot Finance, Manappuram, any bank or any pawnbroker.
Release pledged gold and sell
Close the loan, take the packet, then decide on a sale. That happens at your branch, then at our Vyasarpadi counter — not as a new loan.
The steps
- WhatsApp a photo of the pledge slip or loan receipt (number, principal, interest to date, weight).
- We check whether a sale after closure is likely to leave you a balance.
- We go with you to the branch and settle the dues with the lender.
- The gold comes back into your hands first.
- At our counter — or the same day if timing allows — touchstone, scale, offer. Lender dues already paid are subtracted; the balance is yours.
Gold loan release — bank, NBFC or pawn
Gold loan closure, gold loan closure procedure and gold loan closure documents are explained in the process guide. Gold loan closure in Chennai for our customers means a branch in the Vyasarpadi belt. Gold loan release and purchase is the same as buy-after-release.
Where the gold is pledged
What to bring
- Pledge slip or loan receipt (or a clear photo first)
- Aadhaar; PAN above ₹2 lakh
- The lender’s KYC or closure form if they have given you one
Read the full process, including the RBI 7-working-day gold-return rule, in the pledged-release guide. If you meant a bank balance-transfer, read gold loan takeover versus release.
North Chennai23
Central Chennai20
South Chennai & ECR17
West Chennai19
Southern suburbs to Chengalpattu10
Western suburbs to Sriperumbudur9
Northern corridor to Tada4
Kanchipuram & Vellore2
All services
Areas we serve
No. We are not a lender. Gold loan takeover in the bank-transfer sense, gold loan transfer from Muthoot or Manappuram, and re-pledge gold are not our service. We close the existing pledge and, if you choose, buy the jewellery.
Then a sale may not make sense. We say so. You can still close the loan yourself later.
That depends on how the lender packed the ornaments. Ask us after we see the slip.
When the branch releases the same day, the work can finish that day. Lenders must return gold on repayment or within 7 working days under the RBI gold-collateral directions (2025).
It is a pledged gold release service: we help you release pledged gold for cash after closure. Pledged gold release time follows the branch. We are not a gold loan release company or gold release companies that lend. Gold loan closure is done at your lender; we sit with you for that step.
Pledged gold meaning: jewellery given to a lender as security. Pledged gold meaning in Tamil and release pledged gold meaning in Tamil is அடகு நகை / அடகு நகை மீட்டு விற்க. The Tamil page writes that in full.
After the jewellery is back in your hands, yes — in this belt around Vyasarpadi.
Yes. Close the loan at the branch, then decide on a sale at our counter.
Yes, in this belt — after the jewellery is back in your hands.
This Vyasarpadi belt, not a city-wide van.
Same answer: this shop after your lender releases the packet.
Yes: close the loan, take the packet, then decide.
After release, if you want to sell.
At your branch, then here.
Yes — not a new loan.
WhatsApp the pledge slip first
Loan number, principal and weight on the receipt are enough to start.