Gold price in India: 22K, 24K, making charges and GST
Published 21 September 2026 · Last updated 28 October 2026
How gold prices are quoted in India
A gold price board usually shows a rate for a stated purity and weight, such as 22K gold per 10 grams. It is not automatically the final amount on a jewellery bill.
22K vs 24K gold
24K gold is purer and is commonly used as a benchmark for coins and bars. 22K gold, also called 916 gold, is widely used for jewellery because alloy metals improve durability. Always ask the jeweller which purity the advertised rate refers to.
What goes into a jewellery bill?
A typical bill includes the gold value, making charges and GST. Making charges may be a percentage of the gold value or a per-gram amount. Ask for a clear itemised bill before buying.
To check a quote, enter your jeweller's rate, the weight, the purity and the making charges into the Gold Jewellery Calculator. It lists GST on the gold and on the making charges separately and does not supply a live rate.
Why does the rate differ by city?
City rates can differ because of local costs, jeweller pricing, supply conditions and the reference rate used. Compare the same purity, weight, date and seller. Check the BIS hallmark and keep the invoice for future resale or exchange.
Questions people also ask
What is the difference between 22K and 24K gold?
24K is purer; 22K contains alloy metals and is commonly used for jewellery.
Are making charges included in the gold rate?
Usually not. They are added separately to the gold value.
What should I check before buying gold jewellery?
Check purity, BIS hallmark, weight, making charges, GST and the itemised invoice.
Sources
Bureau of Indian Standards (opens in a new tab) · Government
Hallmarking of gold jewellery
Accessed 22 September 2026
India Bullion and Jewellers Association (opens in a new tab) · Other
IBJA
Accessed 22 September 2026