Gold Rate Today INDIA | 22K ₹13,620 · 24K ₹14,858 | Finvedik
Toggle sidebar icon

Gold Rates

Get it on Google Play
Google Play
Download on the App Store
Toggle menu icon

Today's gold price in India stands at ₹14,858 per gram for 24 karat gold (99.9% purity), ₹13,620 per gram for 22 karat gold (91.6% purity), and ₹11,144 per gram for 18 karat gold.

Live 22K, 24K & 18K Gold Rate in India – Without & With GST

24K • PURE GOLD (999)
14,858
per gram - Without GST
+₹270 today
₹148,580 per 10g
22K • JEWELLERY GOLD (916)
13,620
per gram - Without GST
+₹270 today
₹136,200 per 10g
18K • DESIGNER GOLD (750)
11,144
per gram - Without GST
+₹270 today
₹111,440 per 10g

Today 24K, 22K, & 18K Gold Rate Per Gram in India (INR)

GRAMSTODAYYESTERDAYCHANGE
1g₹14,858₹14,589 ₹270
8g₹118,864₹116,708 ₹2,156
10g₹148,580₹145,885 ₹2,695
100g₹1,485,800₹1,458,850 ₹26,950
Loading Calculator...
Loading AI Forecast...
Loading Interactive Chart...
Loading News...
Loading Insights...
Loading Offers...
Loading Designs...
Loading Jewellers...
Loading Historical Table...
Loading Averages...
Loading Monthly Performance...

Understanding Gold Rates in India: MCX, IBJA, and Market Dynamics

Gold is much more than a precious metal in India; it is a symbol of prosperity, an essential part of cultural traditions, and a trusted financial asset. To make informed buying decisions, it is crucial to understand how retail gold rates are calculated and what benchmarks determine daily price movements.

The Role of MCX and IBJA Benchmarks

The daily price of gold in India is primarily driven by two key domestic benchmarks:

  • MCX (Multi Commodity Exchange of India): MCX is the primary platform where gold futures are traded. Futures contracts reflect international spot prices, currency exchange rates (USD/INR), and market sentiment. The MCX rate fluctuates in real-time during market hours and dictates intraday pricing trends.
  • IBJA (India Bullion and Jewellers Association): IBJA is an apex body representing bullion merchants and jewellers. IBJA releases twice-daily opening and closing benchmark rates for various purities of gold (24K, 22K, 18K). These benchmark rates are widely accepted by retail jewellers across India as the base price for the day.

Key Factors Influencing Daily Gold Rates

While MCX and IBJA set the standards, several macroeconomic forces determine the base rates:

  • International Spot Prices: Gold is traded globally in US dollars. Movements in international exchanges (like COMEX or London Bullion Market) directly impact Indian gold prices.
  • USD/INR Exchange Rate: Since India imports the vast majority of its gold, any depreciation of the Indian Rupee against the US Dollar makes import costs higher, pushing local prices up.
  • Import Duties and Taxes: Central government import duties and agricultural infrastructure cesses influence the base price of gold entering the country.
  • Festive and Wedding Season Demand: During major festivals such as Dhanteras, Diwali, and Akshaya Tritiya, a surge in consumer demand frequently causes local price premiums.

Understanding GST, Making Charges, and Hallmarking Fees

When buying gold jewellery, the final billing price is different from the base gold rate:

  • GST (Goods and Services Tax): A standard 3% GST is applied to the value of the gold itself. An additional 5% GST is applicable specifically on the making charges.
  • Making Charges: Jewellers charge for the craftsmanship of the jewellery. Making charges can range from 8% to 25% of the gold value depending on the complexity of the design.
  • BIS Hallmarking: Bureau of Indian Standards (BIS) hallmarking is mandatory for gold jewellery in India. Ensure your purchase includes the 3 hallmarks: the BIS logo, purity grade (e.g., 22K916), and the 6-digit alphanumeric HUID (Hallmark Unique Identification) code.

Frequently Asked Questions

Common queries about gold prices, purity, and investments in India.

Today, the live gold rate in INDIA is ₹15,304 per gram for 24K pure gold (99.9% purity) and ₹14,028 per gram for 22K jewellery gold (91.6% purity). These rates are updated dynamically based on international market movements, dollar rates, and local association guidelines.

The 22K gold price in INDIA today stands at ₹14,028 per gram. A 10-gram purchase of 22K gold will cost ₹1,40,280 (excluding local making charges and 3% GST).

To calculate the selling price of gold in INDIA, determine the purity of your gold ornament (e.g. 22K or 18K), check today's live rate per gram in INDIA for that purity, multiply it by the net weight of pure gold (excluding gemstones/lac), and subtract standard melting loss or jeweller refinery charges (typically 2% to 6%). Note that GST and original making charges paid at purchase are not recoverable.

24K gold (999 purity) is 99.9% pure gold — it is too soft for jewellery and is mainly used for investment purposes like coins, bars, and digital gold. 22K gold (916 purity) consists of 91.6% gold alloyed with 8.4% other metals like copper and silver, making it highly durable and the ideal choice for crafting jewellery.

Gold rates vary across Indian cities due to multiple local factors. These include varying state taxes, octroi, transportation costs, and policies set by local bullion associations. Additionally, the profit margins and making charges applied by local jewellers also contribute to the price differences from one city to another.

In India, a standard 3% Goods and Services Tax (GST) is applied to the total value of the gold. Furthermore, a 5% GST is charged specifically on the making charges. Making charges generally range from 8% to 25% depending on the complexity of the design and the jeweller.

BIS (Bureau of Indian Standards) Hallmark is a certification that guarantees the purity of gold in India. A genuine hallmark consists of 3 marks: the BIS logo, the purity grade (e.g., 22K916), and a 6-digit alphanumeric HUID (Hallmark Unique Identification) code. You can verify the HUID using the official BIS Care App on your smartphone.

For investment purposes, gold coins and bars (24K) are generally better because they involve zero to minimal making charges and offer higher resale value. Gold jewellery (22K or 18K), while beautiful, incurs high making charges (up to 25%) which are usually deducted during resale or exchange.

The daily spot price of gold in Indian cities is highly influenced by two benchmarks: the MCX bullion futures market and the daily IBJA rate released by the India Bullion and Jewellers Association. The MCX spot price reflects global market trends and currency fluctuations, which local associations use to set their city-specific retail gold prices.

A sovereign gold bond (SGB) is a government-backed security denominated in grams of gold, offering interest and tax benefits, making it an excellent alternative to physical bullion. Similarly, a gold ETF (Exchange Traded Fund) tracks the domestic spot price of gold, allowing users to buy gold units digitally without security concerns. Both eliminate making charges and storage risks associated with physical gold.

When purchasing gold, always ensure you receive a formal gold purity certificate or invoice. For 22 Karat gold, you must check for the 916 hallmark, which indicates 91.6% pure gold. A valid BIS hallmark guarantees the purity and authenticity of the metal, preventing any fraud regarding gold weight measured in troy ounces or grams.

Loading cities...