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Gold Rate Today in India

Live gold spot price (London fix) converted to INR per gram. Compare 24K (pure), 22K (jewellery), 18K and 14K rates. Add GST 3% & making charges for retail.

Fetching live gold price…

Gold Rate Today in India

India is the world's second-largest consumer of gold, with an annual demand of approximately 700-800 tonnes as of 2023 according to the World Gold Council. Gold holds deep cultural and financial significance across the country - it is integral to weddings, religious ceremonies, and is treated as a trusted store of value by millions of households. The price of gold in India is derived from the international spot price (quoted in USD per troy ounce) and converted to INR per gram after accounting for import duties (currently 6% as of 2024, revised downward from 15% in the July 2024 Union Budget) and the prevailing exchange rate.

Understanding 24K, 22K, and 18K Purity

24-karat gold is 99.9% pure and is the international benchmark. 22-karat (91.6% pure) is the most common form used in Indian jewellery. 18-karat (75% pure) is preferred for studded and diamond-set pieces. Hallmarking under BIS (Bureau of Indian Standards) ensures purity certification, and since 2021 hallmarking has been mandatory for gold jewellery sold in India. This tool updates gold rates hourly so you can track the latest 24K, 22K, 18K, and 14K prices in INR per gram.

Why Gold Prices Fluctuate

Gold prices move based on USD strength, US Federal Reserve interest rate decisions, geopolitical uncertainty, and seasonal Indian demand spikes during Diwali, Dhanteras, and wedding season (October to December). Tracking live rates helps buyers and investors make informed decisions.

Gold Rate Questions

The gold rate is fetched live from a financial API (gold spot price in USD per troy oz) and converted to INR using the current USD-INR exchange rate. The per-gram price is then calculated (1 troy oz = 31.1035 grams). Rates for 24K (99.9% pure), 22K (91.67% pure), 18K (75% pure) and 14K (58.33% pure) are derived from the per-gram base price. Rates are cached for up to 1 hour.

24K gold is pure gold (99.9% purity) - too soft for jewellery but used in gold bars, coins and electronics. 22K gold (916 hallmark) is 91.67% pure with added metals for hardness - used in most Indian gold jewellery. 18K (750 hallmark) is 75% pure - used in designer jewellery and watches. 14K (585 hallmark) is 58.33% pure - common in Western markets. Higher karat means more gold and higher price per gram.

Local jewellers add to the spot price: (1) Making charges - typically 8–25% of gold value for handcrafted pieces; (2) GST at 3% on gold value plus 5% on making charges; (3) Retail margin. The rate shown here is the wholesale spot price - the base cost of gold before these additions. The spot price is used by bullion dealers and gold import agencies; retail jewellery always costs more.

GST on gold jewellery in India: 3% on the gold value (HSN code 7113/7114) and 5% on making charges. Some jewellers charge a flat 3% on total (gold + making) to simplify billing. Gold bars and coins also attract 3% GST. Imported gold additionally attracts customs duty - currently 15% basic customs duty plus 2.5% AIDC (Agriculture Infrastructure and Development Cess), totalling approximately 17.5% effective import duty.

BIS (Bureau of Indian Standards) hallmarking certifies the purity of gold. The Hallmarking and Gold (Control) Order 2021 made BIS hallmarking mandatory for jewellers registered with BIS across India. A BIS hallmarked piece carries: (1) the BIS logo; (2) purity in karat and fineness (e.g., 22K / 916); (3) a Hallmarking Unique ID (HUID) - a 6-alphanumeric code traceable on the BIS Care app. Always check for hallmarking before purchasing gold jewellery.
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