Gold Appraiser

IHFL; Chennai District; On-site; INR 800,000 - 1,200,000; Full time

Job summary

IHFL in Chennai invites an experienced Gold Audit & Valuation professional to join our branch network. You will perform gold appraisal, verify caratage, determine eligible loan value, and support loan processing with precise valuation.

The role emphasizes compliance with RBI guidelines, risk control, documentation, and transparent customer interactions. Freshers with certified training may be considered for junior positions, with expertise in touchstone and karat meters preferred.

Qualifications

• Experience in gold appraisal and jewellery valuation.
• Familiarity with gold loan processes preferred.
• Knowledge of RBI guidelines related to gold loans.

Responsibilities

• Audit gold items for purity and weight.
• Assist in loan processing with valuation inputs.
• Identify non-gold components and impurities.
• Maintain accurate records and ensure RBI compliance.
• Explain valuation to customers and address queries.

Skills

Gold appraisal

Jewellery valuation

Gold loan industry

Tools

Karat meter

Job description

Role & responsibilities

1. Gold Audit & Compliance

• Examine gold ornaments using approved methods (touchstone, karat meter etc.)
• Determine gold purity (caratage), net weight, eligible loan value and cash management in the branch
• Identify non-gold components, stones, and impurities
• Ensure accurate and consistent valuation as per company norms
• Conduct periodic Audits of Gold Loan branches to assess compliance with Internal policies and regulatory compliance.

2. Loan Processing Support

• Assist in processing gold loan applications
• Work closely with the Customer Service Executive and Branch Manager
• Provide valuation inputs for loan sanction and disbursement
• Re-verify gold during loan closure or part-release

3. Risk Management & Fraud Prevention

• Detect counterfeit gold, gold-plated items, or adulteration
• Follow strict appraisal protocols to minimize credit and operational risk
• Report suspicious cases or discrepancies immediately
• Ensure proper handling and safeguarding of pledged gold

4. Documentation & Compliance

• Maintain detailed records of appraised items
• Ensure compliance with RBI guidelines and internal audit norms
• Do the branch audits and inspections with accurate documentation
• Adhere to KYC and operational policies

5. Customer Interaction

• Explain valuation process transparently to customers
• Address customer queries related to gold valuation
• Build customer confidence through professionalism and integrity

Preferred candidate profile

• 15 years of experience in gold appraisal / jewellery valuation / gold loan industry
• Freshers with certified training in gold appraisal may also be considered