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Gold Price Today in India
Updated 20 May 2026 · Sourced from IBJA (India Bullion and Jewellers Association)
Mumbai 24K Gold — Last 30 Days (₹/gram)
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Purity Guide
24K
Pure gold (99.9%). Used for coins, bars, and investment. Not ideal for jewellery — too soft.
22K
91.6% pure. Standard for Indian gold jewellery. Mix of gold + copper/silver for strength.
18K
75% pure. Used in studded and designer jewellery. Lighter on pocket, less investment value.
22K Gold Rate — City-wise (per gram)
| City | Per Gram | Per 10g | Today's Change |
|---|
Why does gold price differ across Indian cities?
Gold prices in India are not uniform. They vary city to city because of state taxes (VAT, GST interpretations at the local level), transportation costs from import ports in Mumbai and Chennai, and the local demand-supply from jewellers in that region.
The India Bullion and Jewellers Association (IBJA) sets a national benchmark rate twice a day, but local dealers add their own charges on top. Coastal cities like Mumbai and Chennai tend to have marginally lower rates due to proximity to import hubs, while inland cities like Delhi or Jaipur can be a few rupees higher per gram.
What factors drive gold price in India in 2025?
- 01.USD/INR rate — Gold is globally priced in dollars. Every rupee depreciation pushes domestic gold prices up, even if the international price stays flat.
- 02.US Federal Reserve policy — When the Fed raises interest rates, gold typically falls. Rate cut expectations in 2025 have kept gold elevated globally.
- 03.RBI gold reserves — India's central bank has been accumulating gold aggressively since 2023, which signals longer-term bullish demand.
- 04.Wedding season demand — October to December and February to April see peak demand from Indian jewellers, which can nudge local premiums higher.
Frequently Asked Questions
Is 22K or 24K gold better to buy in India?
Depends on your purpose. 24K (99.9% pure) is best for investment — coins, bars, ETFs. 22K (91.6% pure) is the standard for jewellery making. If you're buying for a wedding, 22K is the norm. If you want returns, 24K digital gold or sovereign gold bonds are more efficient.
What is the making charge and how does it affect the final price?
Making charges are the jeweller's fee for crafting the ornament. This is over and above the gold rate — typically 8–20% of gold value for handcrafted pieces, or a flat ₹200–400 per gram. Hallmark BIS certified gold jewellery is mandatory above a certain value, ensuring purity.
How is gold GST calculated in India?
GST on gold in India is 3% on the gold value plus 5% GST on the making charges. For example, if gold value is ₹50,000 and making charges are ₹5,000, you pay ₹1,500 (3% of gold) + ₹250 (5% of making) = ₹1,750 as GST.