Gold Price Calculator — India

The official gold rate in India is published by the Indian Bullion and Jewellers Association (IBJA), which derives its rate from the international spot price (London AM/PM fix) converted to INR by the RBI reference rate. The IBJA rate is published once daily (typically by 12:30pm IST) and is the reference price used by most jewellers, banks, and commodity markets across India.

22K gold (916 purity) is India's most popular jewellery standard. Nearly all traditional Indian gold jewellery — from wedding sets to temple ornaments — is made in 22K. 24K gold (999.9 pure) is used for investment (gold coins, bars, sovereign gold bonds). 18K is growing in popularity for diamond-set jewellery. BIS Hallmarking (Bureau of Indian Standards) guarantees purity and must be present on all jewellery sold in India since September 2021.

When buying gold in India, the total cost per gram equals: IBJA rate + 3% GST (on metal) + making charges (INR 150–500/gram) + 5% GST on making charges. Gold ETFs and Sovereign Gold Bonds are popular alternatives that avoid making charges while tracking gold prices. Sovereign Gold Bonds also pay 2.5% annual interest.