Gold Rate in India — Benchmark Reference Rate (5 October 2026)
Daily verified gold benchmark prices across major purities: 24 Carat (999 fine gold), 22 Carat (916 hallmarked jewellery), and 18 Carat gold. Benchmark rates published by the India Bullion and Jewellers Association (IBJA).
Fine Pure Gold
Per 10 Grams (Excl. GST)
Jewellery Gold
Per 10 Grams (Excl. GST)
Diamond Jewellery
Per 10 Grams (Excl. GST)
8 Grams 22K Gold
Standard 8g Pavan (Excl. GST)
Important Benchmark Price Notice:
The rates shown above are national benchmark opening/closing rates released by the India Bullion and Jewellers Association (IBJA). These benchmark rates exclude 3% GST, jeweller making charges, and local wastage margins. They serve as the official benchmark used for Sovereign Gold Bonds (SGB) and gold loan valuations.
Gold Price & Jewellery Value Calculator
Calculate estimated bullion value with separate GST (3%) and optional making charge breakdown.
GST is legally levied on both gold metal and making charges.
Estimated metal + making + GST breakdown for 10.00g of 916 Gold. Not an official jeweller invoice.
Official IBJA benchmark excludes jeweller making fees and wastage. Retail prices at Tanishq, Malabar, Kalyan, etc., will reflect local retail premiums.
Gold Price by Weight in India Today
| Weight | 24K (999 Pure) | 22K (916 Jewellery) | 18K (750) | 14K (585) |
|---|---|---|---|---|
| 1 Gram | ₹7,650 | ₹7,014 | ₹5,743 | ₹4,480 |
| 8 Grams (1 Sovereign) | ₹61,200 | ₹56,112 | ₹45,944 | ₹35,840 |
| 10 Grams | ₹76,500 | ₹70,140 | ₹57,430 | ₹44,800 |
| 1 Tola (11.66g) | ₹89,228 | ₹81,810 | ₹66,985 | ₹52,254 |
| 100 Grams | ₹7,65,000 | ₹7,01,400 | ₹5,74,300 | ₹4,48,000 |
| 1 Kilogram (1000g) | ₹76,50,000 | ₹70,14,000 | ₹57,43,000 | ₹44,80,000 |
Data Source & Provenance
Methodology: IBJA polls leading bullion dealers across India twice daily (AM at ~12:00 PM and PM at ~5:00 PM) to establish transparent national benchmark bullion spot rates.
Notice: Rates quoted are benchmark spot prices without GST (3%) and making charges. Jewellers determine final retail pricing independently.
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Frequently Asked Questions on Gold Rates in India
What is the difference between 24 Carat and 22 Carat gold?
24 Carat gold is 99.9% pure gold (999 purity), suitable for investment bars and coins, but too soft for crafting durable jewellery. 22 Carat gold contains 91.6% pure gold (916 purity) alloyed with 8.4% metals like zinc and copper to provide the strength needed for jewellery.
Are IBJA gold rates the same as retail jewellery store prices?
No. IBJA publishes national benchmark bullion rates without GST (3%) and without making charges. Retail jewellers such as Tanishq, Kalyan, or Malabar add making charges (typically 6% to 20%), 3% GST, and transport/local hallmarking charges.
How much GST is applicable when buying gold in India?
In India, a standard GST of 3% is levied on the purchase of physical gold. The 3% GST applies to both the value of the pure gold metal and any making charges applied by the jeweller.
What is a Gold Sovereign (Pavan)?
In Indian bullion trading, 1 Sovereign (also commonly called 1 Pavan, especially in Southern India) is equivalent to exactly 8 grams of gold.
What is 916 Hallmarked Gold?
916 gold signifies 22 Carat gold, meaning 91.6 grams of pure gold per 100 grams of alloy. Hallmarking by the Bureau of Indian Standards (BIS) guarantees this purity with a 6-digit alphanumeric HUID (Hallmark Unique Identification) code.