Live Gold Rates in India
Track real-time gold prices across major Indian cities. Compare 22K and 24K gold rates per gram and stay updated with daily price changes | Finanjo
Current Price in India
24 Carat Gold
₹12,741.56
per gram
22 Carat Gold
₹11,680.19
per gram
18 Carat Gold
₹9,556.17
per gram
14 Carat Gold
₹7,432.15
per gram
Gold Rates in Major Cities
Mumbai
Maharashtra
Delhi
Delhi
Chennai
Tamil Nadu
Kolkata
West Bengal
Hyderabad
Telangana
Understanding Gold Prices in India
Gold has been an integral part of Indian culture and investment for centuries. The price of gold in India is influenced by various factors including international gold prices, currency exchange rates (USD/INR), local demand and supply, import duties, and making charges. Gold prices can vary significantly between cities due to local market conditions, transportation costs, and state-level taxes. Understanding these factors can help you make better decisions when buying or selling gold.
International Prices
Global gold prices set by international markets in USD directly impact Indian gold rates, adjusted for USD/INR exchange rates.
Import Duties
Customs duty and GST on gold imports affect the final price. Changes in government policies can cause price fluctuations.
Currency Exchange
USD to INR exchange rate changes directly impact gold prices in India. A weaker rupee makes gold more expensive.
Local Demand
Seasonal demand during festivals, weddings, and auspicious occasions can drive prices higher in specific regions.
Making Charges
Jewelry making charges vary by city and jeweler, adding to the total cost of gold jewelry purchases.
State Taxes
State-specific taxes and local market conditions create price variations between different cities in India.
Understanding Gold Purity in India: Karat Types Explained
Gold purity indicates the percentage of pure gold present in a gold item. In India, gold purity is commonly measured in karats (K), with different karat values used for jewellery, coins, and investment-grade gold.
24K
99.9% Pure Gold
24K gold is the purest form of gold, containing 99.9% pure gold with minimal or no alloy metals. Due to its soft nature, 24K gold is generally not used for jewellery making.
Best for:
Gold coins and gold bars, Investment-grade bullion, Pure gold products, Pure gold products for investment purposes
22K
91.6% Pure Gold
22K gold contains 91.6% gold mixed with 8.4% alloy metals such as copper or silver to improve strength. It is the most widely used gold purity for jewellery in India.
Best for:
Traditional Indian gold jewellery, Wedding ornaments and bridal jewellery, Bangles, necklaces, and everyday jewellery
18K
75% Pure Gold
18K gold consists of 75% pure gold combined with other metals for higher durability and design flexibility. It is commonly used in modern and contemporary jewellery designs.
Best for:
Designer and lightweight jewellery,Studded jewellery with diamonds or gemstones,Luxury watches and fashion accessories
14K
58.3% Pure Gold
14K gold contains 58.3% pure gold and a higher percentage of alloy metals, making it more durable and cost-effective compared to higher karat gold.
Best for:
Affordable gold jewellery, Daily wear chains, rings, and accessories, Lightweight and functional designs
Gold Investment Options in India
Physical Gold
Jewelry, coins, and bars in the form of physical gold that you can hold physically.
Pros
Tangible asset, cultural value, no counterparty risk
Cons
Storage costs, making charges on jewelry, purity concerns
Gold ETF
Exchange Traded Funds that track gold prices, traded like stocks.
Pros
Easy to buy/sell, no storage issues, transparent pricing, high liquidity
Cons
Requires demat account, management fees apply
Gold Mutual Funds
Mutual fund schemes that invest in gold ETFs or physical gold.
Pros
SIP options available, professional management, no storage needed
Cons
Expense ratio, lock-in periods in some schemes
Sovereign Gold Bonds
Government-issued bonds denominated in grams of gold.
Pros
Tax benefits, interest income, no storage costs, government backing
Cons
Lock-in period of 5 years, limited liquidity before maturity
Digital Gold
Online platforms allowing you to buy and sell gold digitally.
Pros
Small denominations, easy transactions, can convert to physical
Cons
Platform risk, charges may apply, limited regulation
Gold Savings Schemes
Schemes offered by jewelers to accumulate gold through monthly installments.
Pros
Disciplined saving, bonus benefits, easy conversion to jewelry
Cons
Locked with specific jeweler, limited flexibility
Gold Buying Basics in India: Key Concepts Explained
Gold prices in India are based on international gold rates and can vary by city due to local taxes, logistics, and jeweller margins.
Gold purity is measured in karats such as 24K, 22K, and 18K, with BIS hallmarking used in India to certify authenticity and purity standards.
Making charges represent the cost of craftsmanship in gold jewellery and are usually calculated as a percentage of the gold value or per gram.
A standard gold bill typically includes the base gold price, net weight, making charges, and 3% GST, shown as separate components.
Gold jewellery pricing is calculated strictly based on weight in grams, making accurate weight measurement an essential pricing factor.
Gold demand in India rises during festivals and wedding seasons, which can influence pricing patterns and making charges.
Gold can be owned as physical gold or paper gold instruments such as Gold ETFs and Sovereign Gold Bonds, each serving different purposes.
Physical gold ownership involves storage considerations, including home storage, bank lockers, or professional vault services.
Purchase invoices, purity certificates, and hallmark details act as documentation for resale, insurance, and financial records.
Gold prices fluctuate based on global economic conditions, inflation trends, currency movements, and central bank policies.
Frequently Asked Questions
What is the difference between 22K and 24K gold?
24K gold is 99.9% pure but too soft for jewelry. 22K gold contains 91.6% gold mixed with other metals for durability, making it ideal for jewelry. 22K is the most popular purity for gold jewelry in India.
Why do gold rates vary between cities?
Gold prices vary due to local taxes, transportation costs, making charges, demand-supply dynamics, and state-level policies. Major cities may have slight price differences, but rates are generally close to national averages.
What is the best way to invest in gold?
For investment, consider Sovereign Gold Bonds (SGBs) or Gold ETFs for tax benefits and no storage costs. For jewelry with dual purpose, physical gold is preferred but comes with making charges.
Should I buy gold during festivals?
Festival seasons see high demand and prices may be higher. However, many jewelers offer discounts and schemes during these periods. Compare prices and make informed decisions.
How is gold price calculated per gram?
Gold price per gram = (22K/24K gold rate per 10 grams) / 10. Making charges are additional and calculated separately, usually as a percentage of gold value.
What is a hallmark on gold jewelry?
Hallmark is a certification mark that guarantees the purity of gold. In India, BIS (Bureau of Indian Standards) hallmark ensures 22K gold contains exactly 91.6% pure gold. Always buy hallmarked gold.
Can I sell gold without a bill?
Yes, but you may get lower rates. Most jewelers prefer to buy gold with bills as proof of purchase. Bills also help establish purity and value. Always keep your gold purchase bills safely.
What are making charges on gold jewelry?
Making charges are the cost of crafting jewelry from raw gold. These charges typically range from 8% to 20% of the gold value and vary based on design complexity, jeweler, and city. Simple designs have lower making charges.