referenceGold

How is gold price quoted in India?

Updated 21 September 2026

Janooji in 10 seconds

The number on a jewellery board is usually a 22K retail rate per 10 grams for that city, not the London spot price. Your bill then adds making charges and GST. 24K is purer and priced higher; coin and biscuit rates differ from jewellery rates.

22K (916) is standard for most Indian jewellery.
Making charges are a jeweller's fee, often a percentage of gold value or a per-gram amount.
GST applies on gold value and, separately, on making charges.

Janooji will not invent today's rupee rate. When live gold is wired in, it will show a timestamp, a city, and a source.

Sources

IBJA / India Bullion (opens in a new tab) · Reference
India bullion and jewellers references
Accessed 21 September 2026

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