Gold has always held a special place in Indian households, not just as jewelry but also as a trusted investment option. Tracking the gold price today is essential for buyers, investors, and traders who want to make informed decisions. The price of gold fluctuates daily due to changes in international market trends, currency values, and domestic demand.
In this detailed guide, we provide the latest 24K and 22K rates, explain how prices are determined, and include city-wise price updates for easy reference. We’ll also cover hallmarked gold, MCX trends, and common questions buyers have about GST, making charges, and purity.
Understanding 24K and 22K Gold
Before checking today’s gold rate, it’s important to know the difference between 24K and 22K gold.
-
24K Gold (99.9% pure): The purest form of gold, mainly used for investments such as coins and bars. It is soft and not commonly used in jewelry making.
-
22K Gold (91.6% pure): A mix of gold with small amounts of other metals like copper or silver, making it stronger and suitable for jewelry.
When you check today’s gold price, always confirm whether it’s for 22K or 24K, as rates differ based on purity.
Factors That Influence Gold Price Today
The gold rate doesn’t remain constant. Several global and domestic factors affect daily prices:
-
International market trends: Gold rates track global benchmarks like COMEX.
-
Currency exchange rates: A weak rupee against the US dollar makes imported gold costlier.
-
Inflation and interest rates: Higher inflation drives demand for gold as a safe haven.
-
MCX futures trend: The Multi Commodity Exchange (MCX) in India influences domestic gold prices.
-
Festive and wedding demand: Indian cultural demand pushes prices higher during festivals like Diwali, Dhanteras, and wedding seasons.
Today’s Gold Price: 24K & 22K Rates
Gold prices are usually quoted per 10 grams. Here’s an example of typical rate differences:
-
24K Gold (10 grams): Higher price due to purity.
-
22K Gold (10 grams): Slightly lower, widely used in jewelry.
Always verify live updates from reliable sources before purchasing, as prices change multiple times in a day.
City-Wise Gold Price in India
Gold prices vary across Indian cities due to local taxes, transportation costs, and demand. Here’s how rates may differ:
-
Delhi: Slightly higher due to strong jewelry demand.
-
Mumbai: Benchmark for India’s bullion market.
-
Chennai: Popular for 22K jewelry, especially traditional designs.
-
Kolkata: Reflects Eastern India’s gold demand.
-
Bengaluru & Hyderabad: Both cities see high wedding-season demand.
Checking the city-wise gold rate today ensures you know the exact cost before buying jewelry or coins.
Hallmarked Gold and Why It Matters
Not all gold sold in India is guaranteed pure. To protect buyers, the Bureau of Indian Standards (BIS) certifies hallmarked gold.
-
Hallmarked 22K: Marked as 916.
-
Hallmarked 24K: Marked as 999.
Always check for the BIS logo and purity stamp when buying jewelry. It ensures that you’re paying the right price for the correct purity.
MCX Trends and Gold Investment
For investors, the MCX gold futures price is an important indicator. It shows the expected price of gold in the near term and reflects market sentiment. If MCX trends upward, retail gold rates often follow.
Investors use gold ETFs, sovereign gold bonds, and futures contracts to benefit from price movements without holding physical gold. Monitoring the MCX trend alongside daily rates helps in planning purchases or sales.
GST and Making Charges
When you buy gold jewelry, the price you pay is not just the raw gold cost. It includes:
-
Gold rate (per gram): Based on purity.
-
Making charges: Vary depending on craftsmanship, typically 3%–12%.
-
GST: 3% on the final price (gold + making charges).
For example, if today’s gold price is ₹5,800 per gram for 22K, and you buy a 10-gram chain with 10% making charges, the final cost will include GST, raising the price further.
Tips for Buying Gold Smartly
-
Always check the live gold price today before heading to a jeweler.
-
Buy only hallmarked gold to ensure purity.
-
Compare rates from multiple jewelers, as making charges differ widely.
-
During festivals, watch for offers like zero making charges or exchange bonuses.
-
For investment, prefer coins or bars in 24K rather than jewelry.
Why Tracking Gold Prices Matters
Gold isn’t just ornamental—it’s an investment hedge against inflation and currency fluctuations. Keeping an eye on daily gold rates helps you:
-
Time purchases during dips in price.
-
Avoid overpaying for jewelry.
-
Plan long-term investments like bonds or ETFs.
-
Make informed decisions during the festive or wedding season.
FAQs
What is the difference between 22K and 24K gold price today?
22K gold is cheaper because it contains metals for strength, while 24K is pure and more expensive.
Why do gold prices differ between cities?
Local taxes, transportation costs, and demand influence city-wise rates.
Is hallmarked gold mandatory in India?
Yes, as of recent BIS rules, only hallmarked gold jewelry can be sold to ensure purity.
How much GST is charged on gold jewelry?
A flat 3% GST is applied on the total cost, including making charges.
Should I buy gold jewelry or coins for investment?
For investment, 24K coins or bars are better, while 22K is ideal for jewelry use.
Click here to know more.