Gold Price in Indian Rupees
Live gold price in INR per 10 grams and per tola — the standard quote across Indian jewelers and bullion dealers. Updated continuously with the latest USD/INR exchange rate.
Gold in India
India is one of the world’s two largest gold consumers, with annual demand consistently in the 700-900 tonne range — driven by cultural significance during weddings, festivals like Diwali and Akshaya Tritiya, and as a traditional store of household wealth. Indian households are estimated to hold 25,000+ tonnes of gold, the largest private gold reserves of any nation.
The Bureau of Indian Standards (BIS) hallmark is mandatory on all gold jewelry, indicating purity in karats (22K, 18K, 14K). Investment-grade gold is taxed at 3% GST plus making charges on jewelry; Sovereign Gold Bonds (SGB) issued by the RBI offer tax-free maturity returns.
Where Indians Buy Gold
Trusted Indian gold options include Tanishq (Tata group), Malabar Gold, Kalyan Jewellers, and PC Jeweller for retail purchases. For investment-grade bullion, MMTC-PAMP (joint venture between MMTC and Switzerland’s PAMP) is the leading source of 999.9 pure bars and coins.
Sovereign Gold Bonds (SGB) issued by the RBI are an increasingly popular alternative — they track the gold price, pay 2.5% annual interest, and capital gains are tax-free at maturity. No storage risk, no GST on purchase.
Related Reading
Frequently Asked
What is a tola of gold?
A tola is a traditional South Asian unit equal to approximately 11.6638 grams. It’s still used in jewelry pricing across India, Pakistan, Bangladesh, and Nepal. The standard market quote, however, is per 10 grams.
Is investing in gold via SGB better than physical gold?
Sovereign Gold Bonds offer key advantages: 2.5% annual interest (physical gold pays none), capital gains tax exemption on redemption at maturity, no storage cost or theft risk, and no GST. The trade-off is an 8-year lock-in (with exit windows from year 5).
What is the GST on gold in India?
Gold attracts 3% GST on the metal value, plus an additional 5% GST on making charges (the labor cost of jewelry-making). For bars and coins, only the 3% applies.
How is the INR gold price calculated?
We take the USD spot price per troy ounce from international markets, convert to grams, then multiply by the current USD/INR exchange rate — refreshed every six hours. The result is the indicative price before GST, making charges, or dealer premium.
The Weekly Gold Digest
Each week, the most important moves in gold and precious metals — delivered to your inbox.
Subscribe Free