Gold Price Today in India (Indian rupee)

The Indian gold market: what makes it different

India is one of the two largest gold-consuming countries in the world, and its market has rules of its own: prices quoted per 10 grams, jewellery of 22 karat as the standard, a compulsory BIS hallmark with a unique identification number on every piece, and a tax structure of GST on the metal plus GST on the making charge, with import duty built into the local price. The price above is raw gold per gram and per 10 grams in rupees at today's exchange rate; this page explains what is added in a shop and how the rules protect the buyer.

Karats: 22K for jewellery, 24K for coins and bars

22K (916) is the standard for Indian jewellery because it is hard enough for daily wear while keeping high gold content; 18K (750) is used for diamond-set and lightweight designs; 24K (999) for coins, bars and digital gold; 14K is rare. The price is quoted per 10 grams for 22K and 24K: at today's price (November 7, 2026) 24K is ₹12,294.80 per gram, 22K ₹11,270.23 per gram and 18K ₹9,221.10 per gram. Local shop rates are usually a little above the formula because import duty and local demand are built into the Indian price.

The BIS hallmark and the HUID

Hallmarking of gold jewellery is mandatory across India, administered by the Bureau of Indian Standards (BIS). Every hallmarked piece carries the BIS logo, the purity in karat and fineness (22K916, 18K750, 14K585) and a six-character alphanumeric HUID (Hallmark Unique Identification), mandatory since April 2023, which can be verified in the BIS Care app. A hallmarked piece can be sold to any jeweller at its purity without dispute; an unhallmarked piece will be tested and usually discounted. Ask for the HUID on the invoice.

Taxes: 3% GST on gold, 5% on making, duty in the price

GST of 3% applies to the value of gold (jewellery, coins and bars) and 5% GST to the making charge. Gold is imported, so the customs duty on imports (cut to 6% in the July 2024 Union Budget) is part of the local price rather than a line on your bill. There is no exemption for investment gold as in the Gulf: a 24K coin and a 22K chain both carry 3% GST on the metal. Keep the GST invoice; it is proof of purity and cost when you sell or exchange.

Making charges and "wastage"

Making charges are quoted either per gram or as a percentage of the gold value: about 8–15% for plain chains and bangles, 12–25% for rings and intricate designs, 20% and more for handcrafted and branded pieces. Some jewellers add a separate wastage charge (traditionally 3–10% of the weight for metal lost in working); it is negotiable and should be shown separately on the bill. Large chains charge more for branded designs; the traditional bazaars (Zaveri Bazaar in Mumbai, Chandni Chowk in Delhi, T. Nagar in Chennai) charge less. The fair price tool turns any quote into a making charge per gram so you can compare.

How a jeweller prices in India

Price = weight × the day's 22K or 24K rate (per gram or per 10 g) + making charge + wastage (if any) + 3% GST on the metal + 5% GST on the making. When you sell or exchange, the jeweller pays the metal value of a hallmarked piece less a deduction (typically 2–6%), or exchanges it for new jewellery at the day's rate with the making charge paid only on the new piece. Stones are weighed out first. The gram price in rupees moves with both the world ounce and the rupee-dollar rate, so Indian gold can rise on a day the ounce is flat.

Tips for buyers in India

• Buy hallmarked jewellery only and note the HUID on the invoice.
• Compare the making charge per gram, not the total; the metal rate is the same everywhere on the same day.
• For saving, 24K coins and bars carry the lowest making charge; buy from banks, mints or reputable jewellers.
• Ask for stones to be weighed separately and for wastage to be shown on the bill.
• Check the day-by-day archive to see where today's rate stands in the recent range.

Frequently asked questions