Gold Price in India Today
Real-time gold price in India: live 24k, 22k and 21k prices per 10 gram and per gram in INR
Gold Price in India: Your Complete Guide
The gold price in India today starts from the same international spot price as everywhere else, converted into rupees, and then India's taxes do the rest: a 6% import duty on the metal and 3% GST at the counter push Indian retail rates above the global parity rate. KaratIndex shows the live parity rate per 10 gram and per gram for 24k, 22k and 21k in INR, refreshed on every visit, with the duty and GST maths explained openly so you can reconcile any jeweller's quote in Mumbai, Delhi, Chennai or Hyderabad.
India is one of the world’s most passionate gold markets: 22k bridal jewellery dominates weddings, BIS hallmarking with HUID is mandatory on gold jewellery sold, and making charges carry their own 5% GST. Use the city pages below, compare the Dubai price in our arbitrage guide, or check the tola converter if you are buying across borders.
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Current Rates
| Karat | Gram (INR) | Updated |
|---|---|---|
| 24K Gold | 559.15 | Connecting... |
| 22K Gold | 512.55 | Connecting... |
| 21K Gold | 489.25 | Connecting... |
| 18K Gold | 419.36 | Connecting... |
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The India Gold Market Overview
India vies with China as the world's largest gold consumer, and gold here is not a niche asset: it is woven into weddings, festivals like Dhanteras and Akshaya Tritiya, temple traditions and household savings. Mumbai's Zaveri Bazaar is the trade's wholesale heart, the India Bullion and Jewellers Association (IBJA) publishes the reference rates jewellers nationwide follow, and prices are quoted per 10 grams. Because almost all of India's gold is imported, the domestic price is the international price converted to rupees, plus import duty and GST, which is why Indian rates sit visibly above Gulf rates for the same metal.
Import Duty and GST: Why Gold Costs More in India
Three layers separate the Indian shelf price from the world parity rate shown in our table. First, import duty: since the July 2024 budget, gold entering India carries about 6% total duty (basic customs plus the agriculture cess), down from 15% before. Second, GST of 3% is charged on the value of the gold at purchase. Third, making charges attract their own 5% GST. Stacked together, an Indian buyer typically pays 9 to 10 percent above parity before the jeweller's making charge. This is also why the Dubai-India price gap exists and why travellers must respect customs allowances when carrying gold home.
Karat Preferences in India: 22K Bridal Standard and BIS Hallmarking
India's jewellery standard is 22k: bridal sets from Punjab to Tamil Nadu are made in 22k for its colour, purity and resale acceptance, with the South famous for heavy temple jewellery and the highest per-household gold ownership in the country. 24k is bought as coins and bars for investment and festival gifting. Since 2021, BIS hallmarking with a unique HUID code is mandatory for gold jewellery sold in India, giving buyers a verifiable purity trail: always check the BIS logo, karat mark and HUID on the piece and match them against the invoice.
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Frequently Asked Questions
What is the gold price in India today per 10 gram?
The table above shows the live parity rate per gram and a per-10-gram row for 24k in INR. Indian retail quotes add about 6% import duty and 3% GST on top of parity, plus making charges with 5% GST.
Why is gold more expensive in India than in Dubai?
India imports nearly all its gold and taxes the flow: about 6% import duty plus 3% GST on value (and 5% GST on making charges). Dubai charges only 5% VAT, refundable for tourists. The result is a persistent gap of roughly 9 to 10 percent before making charges.
How much GST is charged on gold in India?
GST on the gold value is 3%. Making charges are taxed separately at 5% GST. Both appear on a proper jeweller invoice alongside the BIS hallmark details.
Is BIS hallmarking mandatory for gold jewellery in India?
Yes. Since 2021, gold jewellery sold in India must carry the BIS hallmark with the karat purity mark and a unique six-digit HUID code that you can verify. Buy only hallmarked pieces from licensed jewellers.
Which karat is best for wedding jewellery in India?
22k is the national bridal standard: pure enough for the deep colour families want, strong enough for heavy sets, and accepted everywhere at resale. 24k is reserved for coins and bars, and 18k is used mainly for diamond jewellery.
How is the gold price in India calculated?
Start with the international spot price, convert to rupees per 10 grams at the day exchange rate, then add roughly 6% import duty and 3% GST to reach the retail metal price. IBJA publishes reference rates on this basis that jewellers across India follow.
Is it cheaper to buy gold in Dubai and bring it to India?
Dubai prices are lower because the tax stack is smaller, but travellers face Indian customs duty-free allowances (20g for men, 40g for women within value caps for eligible passengers) and duty beyond them. Our Dubai vs India guide and customs calculator work through the real maths.