Gold Rate Today India

How to read today's gold rate

The number at the top of this page is the base price of gold per gram. It is the starting point for every quote you will hear at a jeweller, but it is not the price on your bill. Three things sit between the two: the purity you choose, the making charge, and GST.

Purity first. 24K is almost pure gold and is what coins and bars are made of. 22K, at ₹12,775 per gram today, is the standard for jewellery in India. 18K, at ₹10,453 per gram, is common in diamond and lightweight pieces. The price falls with the gold content, which is why 22K costs about 8% less than 24K.

Then the extras. Here is a worked example at today's rate for a 10 gram, 22K chain with a 10% making charge:

The jeweller's board rate and our rate can differ by a small amount, but if a quote comes out far from this kind of sum, ask them to explain the gap line by line. Our gold price calculator lets you try your own weight, purity and making charge.

What moves the gold rate in India

Four things do most of the work, and it helps to know which one is behind a given day's move.

• The international gold price. Gold is priced in US dollars across the world. When global investors turn cautious, they buy gold and the price rises.
• The dollar-rupee rate. India imports most of its gold. A weaker rupee makes the same ounce cost more in rupees, so the domestic rate rises even if the global price is flat.
• Import duty and taxes. The government sets customs duty on gold, often around the Union Budget. A change in duty moves the Indian price almost immediately.
• Local demand. Festivals, weddings and a good harvest push up demand, and jewellers' rates firm up with it.

For the longer version, read our guide on how the gold rate is decided in India.

Jewellery, coins, ETFs, digital gold or bonds: which suits you?

Which one is right depends on why you are buying. If you want to wear it, jewellery is the only choice. If you want to hold gold as an investment, the other options usually cost less to buy and sell, though each has its own catch.

We cover the trade-offs in more detail in physical gold vs gold ETF vs digital gold vs gold bonds. This is general information, not investment advice.

A seven-point checklist before you buy

1. Check the day's rate on this page before you walk in, for the karat you plan to buy.
2. Ask for the rate, weight, making charge and GST as separate lines on the quote.
3. Look for the BIS hallmark with the purity number (916 for 22K, 750 for 18K) and the six-character HUID. Here is how to verify it.
4. Compare making charges at two or three shops. This is the part that varies most and is open to negotiation.
5. Weigh stones separately. Stone weight should not be charged at the gold rate.
6. Ask about buy-back and exchange terms in writing, so you know what you would get if you sold later.
7. Keep the invoice. It proves purity and weight when you sell, insure or exchange the piece. For large purchases, pay by bank transfer, card or UPI, and be aware that cash limits and PAN rules apply.

Thinking about selling old gold?

The rate on this page is a reference, not what a buyer will pay you. Expect a deduction for testing and melting, and expect it to differ between buyers. Get quotes from at least two, ask for the purity test to be done in front of you, and get the weight, purity and rate written on the receipt. Our guide on selling old gold walks through it, and the sell calculator gives you a rough figure.

Is this a good time to buy gold?

Nobody can reliably time the gold market, and we will not pretend to. What we can show you is context. Today's 24K price of ₹13,937 per gram sits in the lower part of its 12-month range of ₹12,148 to ₹17,885. In the last 11 months, the average 24K price rose in 4 of them, as the table above shows. Many buyers deal with the uncertainty by spreading purchases over several months instead of buying once, and by buying for a reason, such as a wedding, rather than to catch a price.