Why is gold rate different in Delhi vs Mumbai?

Gold prices vary by city due to local state taxes, transportation costs, and jeweller association rates. The base price (MCX) is the same nationally, but making charges and local levies differ.

916 gold means 91.6% purity — this is 22 Karat gold. The number 916 comes from 22/24 × 1000 = 916.6. It is the most common purity used in Indian jewellery.

How is GST charged on gold purchases?

GST on gold is 3% on the value of gold plus making charges. An additional 5% GST applies on making charges separately.

What is the best time to buy gold in India?

Historically, gold prices dip slightly after major festivals like Dhanteras and Akshaya Tritiya when demand falls. However, tracking global USD/gold trends matters more than seasonal patterns for investment buying.

What is the difference between 24K and 22K gold?

24K gold is 99.9% pure and is used for coins and bars — not jewellery as it is too soft. 22K gold is 91.6% pure, alloyed with copper or silver for hardness, and is the standard for Indian jewellery.

Where do gold rates in India come from?

Indian gold rates are benchmarked to the London Bullion Market Association (LBMA) international price, converted to INR using the USD/INR rate, then adjusted for import duty (15%) and GST.

Is it better to buy physical gold, Gold ETF, or Sovereign Gold Bond?

For long-term investors, SGBs are best — they offer 2.5% annual interest plus gold price appreciation with no capital gains tax on maturity. Gold ETFs suit liquidity-focused investors. Physical gold is best for jewellery or gifting purposes.

Gold Rate Today in India (Live)

Name: 24K Gold Rate in India
Brand: Gold

Latest gold price, trends, and investment insights — 3 June 2026

24K Gold — Live Price

Check City-wise Gold Rates Gold vs Silver Comparison

📊 Gold Price Trend Chart (24K)

Gold Price History in India (1964–2026)

62 years of gold price data sourced from RBI & IBJA archives. Track how 24K gold (per 10g) has performed across different time horizons to make informed investment decisions.

Period:

Start Price

₹28,624

2016

Current Price

₹1,50,500

2026

CAGR

18.1%

per annum

Total Return

426%

+₹1,21,876

▼View Yearly Gold Price Data Table (2016–2026)

Year	Price (₹ per 10g)	YoY Change
2026	₹1,50,500	+28.1%
2025	₹1,17,500	+50.8%
2024	₹77,913	+19.3%
2023	₹65,330	+24.0%
2022	₹52,670	+8.1%
2021	₹48,720	+0.1%
2020	₹48,651	+38.1%
2019	₹35,220	+12.0%
2018	₹31,438	+6.0%
2017	₹29,668	+3.6%
2016	₹28,624	+8.7%

Data Source: RBI Handbook of Statistics, IBJA (India Bullion and Jewellers Association), and MCX historical records. Prices reflect average annual 24K gold rate per 10 grams in INR. Past performance is not indicative of future returns. Gold prices are subject to market risks.

💡 Quick Market Insight

Current Trend

●Gold prices remain elevated due to global uncertainty and central bank buying
●Rupee depreciation against USD is supporting domestic gold prices
●Festival and wedding season demand continues to provide price floor

🤔 Should You Buy Gold Today?

✅

Long-term investors → Buy gradually

SIP into gold ETFs or buy SGBs for best long-term returns with 2.5% interest

⚠️

Short-term traders → Wait for stability

High volatility means prices can swing ₹500–₹1,000 per 10g within a week

City-Wise Gold Rate Today

Compare live gold prices across India's top 10 cities. Click any city to see detailed rates, history, calculator & buying guide.

Purity:

City	Per Gram	Per 10g	Per 8g	Change

Note: Prices shown are for 24K gold per gram, 8 grams, and 10 grams. Rates may vary slightly at individual jewellers due to making charges and GST. Click on any city name to view detailed rates, calculator, and buying guide.

❓ Frequently Asked Questions

QWhat is the gold price today in India?▼

Gold prices in India are updated daily based on international spot prices, USD/INR exchange rate, and import duties. Check the live price card at the top of this page for the latest 24K gold rate per 10 grams.

QWhy do gold prices change daily?▼

Gold prices fluctuate due to changes in international gold benchmarks (LBMA), USD/INR currency movements, crude oil prices, geopolitical events, and domestic demand-supply dynamics.

QIs it a good time to buy gold?▼

For long-term wealth preservation, gold remains a strong hedge against inflation. Consider Sovereign Gold Bonds (SGBs) for an additional 2.5% annual interest. Short-term traders should track global trends before entering.

QWhat is 1 tola gold in grams?▼

1 tola equals 11.66 grams (or approximately 11.6638 grams). This is a traditional Indian unit widely used by jewellers across North India for gold transactions.