Gold Price Today in India - Live 22K & 24K Rates (October 2025)

The current gold price in India stands at ₹12,031.36.36 per gram for 22 karat gold and ₹13,125.12.12 per gram for 24 karat gold as of October 16, 2025. Gold prices in India are updated hourly based on international spot prices from the London Bullion Market Association (LBMA) and Mumbai Commodity Exchange (MCX) rates. Whether you're buying gold jewelry for an upcoming wedding, investing in gold coins, or planning to purchase gold bars, understanding today's gold rates across different Indian cities is essential for making informed financial decisions.

This comprehensive guide provides live gold prices for 22 major Indian cities, explains why prices vary between locations, and offers insights into factors affecting gold rates today. We'll also help you understand the difference between 24K, 22K, and 18K gold prices and provide practical tips on calculating the total cost of gold jewelry including making charges, wastage, and GST.

Gold Rate Today in Top 10 Indian Cities

Gold prices vary slightly across different Indian cities due to factors like transportation costs, local taxes, and demand-supply dynamics. Mumbai typically has the lowest gold prices as it's the primary import hub, while cities farther from major ports may have marginally higher rates. Here are today's gold rates in major Indian cities:

Note: Gold prices are updated hourly based on international spot rates and MCX Mumbai exchange. For live prices with our FREE Jewelry Purchase Cost Calculator, visit our Gold Price Tool.

Understanding 24K, 22K, and 18K Gold Prices in India

Gold purity is measured in karats (K), with 24K being the purest form. Understanding the difference between these purity levels is crucial when buying gold jewelry or coins in India.

24 Karat Gold (99.9% Pure)

Current Price: ₹13,125.12.12 per gram
Purity: 99.9% pure gold
Common Uses: Gold coins, bars, and investment purposes. 24K gold is too soft for regular jewelry as it bends easily.
Characteristics: Bright yellow color, maximum resale value, preferred by investors and banks.

22 Karat Gold (91.6% Pure) - Most Popular in India

Current Price: ₹12,031.36.36 per gram
Purity: 91.6% gold + 8.4% other metals (copper, silver, zinc)
Common Uses: Wedding jewelry, traditional ornaments, chains, bangles, and rings.
Characteristics: Perfect balance of purity and durability, slightly harder than 24K, retains excellent resale value. This is the preferred choice for 90% of Indian jewelry buyers.

18 Karat Gold (75% Pure)

Current Price: ₹9,843.84 per gram
Purity: 75% gold + 25% other metals
Common Uses: Modern jewelry designs, diamond jewelry settings, contemporary ornaments.
Characteristics: More durable and scratch-resistant, allows for intricate designs, lower gold value but stronger metal composition.

Price Per 10 Grams Comparison:

• 24K Gold: ₹1,31,290 per 10 grams
• 22K Gold: ₹1,20,349 per 10 grams
• 18K Gold: ₹98,438.40 per 10 grams

For a detailed comparison of all three karat types with purity percentages, characteristics, and use cases, check our Gold Karat Comparison Table.

Gold Price Movement in India - Last 7 Days

Gold prices have shown slight volatility over the past week, influenced by global market conditions and USD-INR exchange rate fluctuations. Here's how 22K and 24K gold prices have moved in the last seven days:

Weekly Analysis: Gold prices have remained relatively stable over the past week with minor fluctuations. The average 22K gold price for the week was ₹12,031.36 per gram, showing that current prices are marginally above the weekly average. The 24K gold price averaged ₹13,125.12 per gram during this period.

Gold Price Forecast for Tomorrow

Based on current market indicators, tomorrow's gold prices are expected to remain stable with a possible marginal increase of 0.05-0.15%. Several factors suggest this trend:

• International Spot Price: Global gold prices have shown slight upward momentum
• USD-INR Exchange Rate: Rupee is trading at stable levels against the US dollar
• Market Sentiment: Positive demand ahead of the upcoming wedding season
• MCX Trends: Mumbai Commodity Exchange showing mild bullish signals

Disclaimer: Gold prices are subject to rapid changes based on global economic conditions, geopolitical events, and market volatility. This forecast is for informational purposes only and should not be considered investment advice. For real-time price updates, visit our Live Gold Price Tracker.

Why Gold Prices Change Daily in India

Gold prices in India fluctuate every day—sometimes even multiple times within the same day—due to a complex interplay of international and domestic factors. Understanding these variables helps you make better decisions about when to buy gold.

International Factors Affecting Gold Prices

1. Global Spot Price (USD/oz)
The international gold spot price, determined by the London Bullion Market Association (LBMA) and COMEX exchanges, is the primary driver of Indian gold rates. When global gold prices rise in USD per ounce, Indian prices increase proportionally. Currently, international gold is trading around $2,650-$2,700 per troy ounce (31.1 grams).

2. USD to INR Exchange Rate
Since gold is priced globally in US dollars, the USD-INR exchange rate significantly impacts Indian gold prices. When the rupee weakens against the dollar, gold becomes more expensive in India even if international prices remain unchanged. For example, a 1% depreciation in the rupee can increase gold prices by approximately ₹120-130 per gram.

3. US Federal Reserve Policies
Interest rate decisions by the US Federal Reserve affect gold prices inversely. When the Fed raises interest rates, the dollar strengthens and gold becomes less attractive, leading to lower prices. Conversely, rate cuts or dovish monetary policy typically boost gold prices.

4. Geopolitical Tensions
Gold is considered a safe-haven asset during times of geopolitical uncertainty. Wars, trade disputes, and political instability drive investors toward gold, pushing prices higher. Recent tensions in the Middle East and ongoing global trade concerns have contributed to elevated gold prices in 2025.

Domestic Factors Affecting Indian Gold Prices

1. MCX Mumbai Commodity Exchange Rates
The Multi Commodity Exchange (MCX) in Mumbai is India's leading commodity exchange for gold futures trading. MCX gold prices serve as a benchmark for jewelers across India. The MCX rate includes a 6.11% markup over international spot prices to account for import duties and logistics.

2. Import Duties
The Indian government currently levies a 12.5% import duty on gold. Any changes to this duty structure immediately impact retail gold prices. In the past, import duties have ranged from 10% to 15%, causing significant price fluctuations when adjusted.

3. Goods and Services Tax (GST)
A 3% GST is applicable on gold purchases in India. This tax is calculated on the total value including making charges. While GST doesn't affect the base gold price, it adds to the final cost paid by consumers. Additionally, making charges attract a 5% GST.

4. Domestic Demand Patterns
India is the world's second-largest gold consumer after China. Seasonal demand surges during festivals like Akshaya Tritiya, Diwali, Dhanteras, and the wedding season (October to March) can create temporary price premiums in local markets. Rural demand during harvest seasons also influences prices.

5. Reserve Bank of India (RBI) Monetary Policy
RBI's monetary policy decisions, particularly regarding interest rates and inflation management, affect gold demand as an investment alternative. Lower interest rates make gold more attractive compared to fixed deposits and bonds, increasing demand and prices.

MCX Gold Price Today - Mumbai Commodity Exchange

The Multi Commodity Exchange (MCX) in Mumbai plays a crucial role in determining gold prices across India. MCX gold futures are actively traded by jewelers, investors, and traders, making it the most reliable benchmark for Indian gold rates.

Today's MCX Gold Rate: ₹13,125.12 per gram (spot price for 24K)
MCX Gold Futures (near month): ₹64,045 per 10 grams
Trading Volume: Active trading with high liquidity
Last Updated: October 16, 2025, 10:30 AM IST

Understanding MCX Rate vs Retail Jeweler Rate

You'll notice that retail jewelers charge more than the MCX spot rate. Here's how the pricing structure works:

This 6.11% markup from MCX rate to retail rate accounts for the jeweler's operational costs, profit margin, and local market dynamics. For a complete breakdown of how gold prices are calculated across 119 countries, visit our Gold Price Calculation API Documentation.

Total Cost of Buying Gold Jewelry Today in India

When purchasing gold jewelry in India, the final price you pay is significantly higher than just the gold rate per gram. Understanding the complete cost structure helps you avoid surprises and negotiate better with jewelers.

Complete Cost Breakdown: Gold Jewelry Purchase

Let's calculate the total cost of buying a 10-gram gold ring (22 karat) today:

Understanding Each Cost Component

1. Making Charges (varies: ₹300-₹1,000 per gram)
Making charges compensate the jeweler for craftsmanship, labor, and artistry. Rates vary based on design complexity:

• Simple designs: ₹300-500/gram (plain chains, simple bangles)
• Medium designs: ₹500-700/gram (carved rings, structured pendants)
• Heavy/intricate designs: ₹700-1,000/gram (temple jewelry, detailed necklaces)

2. Wastage (typically 5-12%)
Wastage accounts for gold lost during the manufacturing process (melting, casting, polishing). Some jewelers include wastage in making charges, while others charge it separately. Always clarify this before purchase.

3. GST (Goods and Services Tax)
India levies two GST rates on gold purchases:

• 3% GST on gold value (base price + wastage)
• 5% GST on making charges

City-Wise Making Charges Comparison

Making charges vary significantly across Indian cities. Here's how major cities compare for a medium-complexity design:

Want to calculate the exact cost for your jewelry purchase? Use our FREE Jewelry Purchase Cost Calculator with live gold prices, customizable making charges, wastage percentages, and automatic GST calculation. You can even print a detailed quote to compare jeweler prices!

Is Today a Good Day to Buy Gold in India?

Deciding whether to buy gold today depends on multiple factors including your purpose (jewelry vs investment), price trends, and market conditions. Here's a comprehensive analysis to help you make an informed decision.

Current Market Conditions (October 16, 2025)

Price Trend: Marginally increasing (+0.06% from yesterday)
Weekly Average: Current price is 0.05% above weekly average
Market Sentiment: Moderately bullish due to upcoming wedding season
Recommendation: FAVORABLE for purchase - Prices are stable with slight upward pressure expected.

When to Buy Gold: Strategic Timing

Best Times to Buy Gold in India:

1. Price Dips Below Weekly Average
   When 22K gold falls below ₹12,031.36/gram, it's generally considered a good buying opportunity. Monitor prices for 2-3 days to identify genuine dips versus temporary fluctuations.
2. Strong Rupee Periods
   When the Indian rupee strengthens against the USD (below ₹82/$), gold becomes cheaper even if international prices remain stable. Watch forex trends alongside gold prices.
3. Festival Season Offers
   Jewelers often waive making charges or offer discounts during:
   • Akshaya Tritiya (April/May) - Most auspicious day for gold purchase
   • Dhanteras (October/November) - First day of Diwali celebrations
   • Diwali (October/November) - Major festival discounts
   • Gudi Padwa/Ugadi (March/April) - Regional New Year celebrations
4. Post-Wedding Season
   Prices often soften in April-August when wedding demand decreases. This can be a strategic window for investment purchases.

Gold Investment Options in India

Beyond physical jewelry, Indians have multiple options for gold investment:

1. Physical Gold (Coins, Bars, Jewelry)
Pros: Tangible asset, cultural value, no investment account needed
Cons: Storage concerns, making charges (for jewelry), lower liquidity
Best For: Traditional buyers, gifts, portfolio diversification
Current 24K Coin Price: ₹13,125.12.12 per gram (no making charges)

2. Digital Gold
Pros: No storage hassle, buy from ₹1, easily convertible to physical gold
Cons: Platform dependency, small convenience fees
Best For: Millennials, small regular investors, no physical storage option
Popular Apps: Google Pay, Paytm, PhonePe, Airtel Thanks

3. Sovereign Gold Bonds (SGB)
Pros: 2.5% annual interest, no storage issues, better returns than physical gold, tax benefits
Cons: 5-year lock-in (exit after 5th year), 8-year maturity, limited liquidity
Best For: Long-term investors, tax-conscious buyers
Next SGB Issue: Check RBI website for upcoming tranches
Issue Price: Usually ₹50-100 below market price

4. Gold ETFs (Exchange Traded Funds)
Pros: Stock market liquidity, no storage, transparent pricing, lower costs
Cons: Demat account required, fund management fees, no physical possession
Best For: Stock market investors, frequent traders, portfolio rebalancing
Popular Gold ETFs: SBI Gold ETF, HDFC Gold ETF, ICICI Prudential Gold ETF

Tax Implications of Gold Investment

Capital Gains Tax on Gold:

• Long-Term Capital Gains (LTCG): If sold after 3 years
  • Tax Rate: 20% with indexation benefit
  • Reduces effective tax through inflation adjustment
• Short-Term Capital Gains (STCG): If sold within 3 years
  • Tax Rate: Added to income and taxed per your income tax slab
  • Can be 20-30% for high-income individuals
• TDS on Gold Purchase: No TDS on jewelry; 1% TDS on gold bars/coins above ₹2 lakhs (PAN mandatory)

GST on Gold: 3% on gold value + 5% on making charges (applicable at time of purchase, not investment)

Gold Price Variations Across Indian Cities

Despite being a standardized commodity, gold prices differ across Indian cities. These variations, though small (₹20-50 per gram), can translate to significant savings on larger purchases. Understanding why prices vary helps you identify the best place to buy.

Why Mumbai Has the Lowest Gold Prices

Mumbai consistently offers the lowest gold rates in India for several reasons:

• Primary Import Hub: 60-70% of India's gold arrives through Mumbai ports, eliminating transportation costs
• Direct Access to MCX: Mumbai hosts the Multi Commodity Exchange, giving jewelers immediate price updates
• Lower State Taxes: Maharashtra has competitive tax structures for precious metals
• High Competition: Thousands of jewelers create competitive pricing pressure
• Bulk Trading: Large volume transactions reduce per-gram costs

Mumbai Advantage: Buying gold in Mumbai can save you ₹30-50 per gram compared to northern cities.

Why Bangalore and Hyderabad Have Higher Prices

Southern metropolitan cities (excluding Chennai) typically have marginally higher gold rates:

• Transportation Costs: Gold must be transported from Mumbai, adding ₹10-20/gram
• State Entry Taxes: Some states levy minor entry taxes on gold shipments
• Local Demand Premium: High disposable incomes create strong demand, supporting premium pricing
• Fewer Large Wholesalers: Smaller wholesale markets mean less price competition

North vs South India Gold Pricing Patterns

North India (Delhi, Lucknow, Chandigarh):

• Average premium over Mumbai: ₹20-30/gram
• Higher making charges due to intricate Mughal-inspired designs
• Strong festival demand (Karwa Chauth, Diwali) creates seasonal spikes
• Preference for 22K and 18K gold jewelry

South India (Chennai, Bangalore, Hyderabad):

• Average premium over Mumbai: ₹15-30/gram
• Higher making charges for temple jewelry and heavy ornaments
• Strong preference for 22K gold (90% of purchases)
• Wedding season demand (Dec-Feb) significantly impacts prices
• Chennai is an exception - prices nearly match Mumbai due to high gold trade volume

East India (Kolkata):

• Slightly lower prices due to established gold trading history
• Competitive making charges (₹400-600/gram average)
• Strong Durga Puja and wedding season demand

West India (Ahmedabad, Pune, Surat):

• Prices close to Mumbai rates (₹5-20/gram premium)
• Gujarat has strong gold trading culture with competitive pricing
• Surat benefits from diamond-gold jewelry industry presence

Explore City-Specific Gold Prices

For detailed, real-time gold prices in your city with hourly updates and FREE jewelry cost calculator, visit our city-specific pages:

• Gold Price in Mumbai Today - Lowest rates in India
• Gold Price in Delhi Today - Capital city rates
• Gold Price in Bangalore Today - Karnataka rates
• Gold Price in Chennai Today - Tamil Nadu rates
• Gold Price in Kolkata Today - West Bengal rates

We track gold prices across 22 Indian cities with hourly updates, historical charts, and comprehensive making charges data for each location.

Frequently Asked Questions - Gold Price Today India

What is the gold price today in India for 22 karat?

The current 22 karat gold price in India is ₹12,031.36.36 per gram as of October 16, 2025. For 10 grams, the price is ₹1,20,349. The 22K gold rate is updated hourly based on international spot prices and Mumbai Commodity Exchange (MCX) rates. Prices may vary by ₹20-50 per gram across different cities due to transportation costs and local taxes.

Why is gold price different in different cities?

Gold prices vary across Indian cities due to several factors: (1) Transportation costs from Mumbai, the primary import hub, (2) State entry taxes and local levies, (3) Local demand-supply dynamics, (4) Competition among jewelers, and (5) Making charges that differ by region. Mumbai typically has the lowest prices, while cities farther from ports like Bangalore or Lucknow may charge ₹20-50 more per gram. The base gold rate from MCX is the same, but these additional factors create city-wise variations.

What is the best time to buy gold in India?

The best times to buy gold in India are: (1) During festival offers on Akshaya Tritiya (April/May), Dhanteras, and Diwali when jewelers waive making charges, (2) When prices dip below the monthly average (currently below ₹12,031.36/gram for 22K is favorable), (3) When the Indian rupee strengthens against USD (below ₹82/$), making imports cheaper, (4) During off-wedding season (April-August) when demand is lower, and (5) When buying Sovereign Gold Bonds (SGBs) during RBI issue periods at ₹50-100 below market price.

How is gold price calculated in India?

Indian gold prices are calculated through this formula: International spot price (USD/gram) × Current USD-INR exchange rate + Import duty (12.5%) + Transportation and logistics costs = MCX Mumbai price + Retail premium (2.5%) = Final retail price. For example, if international gold is $85/gram and USD-INR is ₹83.5, the base cost is ₹7,109/gram. Adding 12.5% import duty (₹889) and logistics (₹50) gives MCX rate of ₹13,125.12/gram. Adding 2.5% retail premium results in the final price of ₹13,125.12.12/gram for 24K gold.

What is MCX gold price?

MCX (Multi Commodity Exchange) gold price is the benchmark rate for gold trading in India, determined by futures contracts on the Mumbai Commodity Exchange. The MCX gold rate for 24K is currently ₹13,125.12 per gram or ₹64,045 per 10 grams. This rate includes international spot price, import duties, and logistics but excludes the retail premium. Jewelers across India base their daily rates on MCX prices, typically adding 2-3% as retail markup. MCX gold prices are updated continuously during trading hours (9 AM to 11:30 PM IST).

Is GST applicable on gold purchase?

Yes, GST (Goods and Services Tax) is applicable on gold purchases in India at two different rates: (1) 3% GST on gold value - calculated on base gold price plus wastage, and (2) 5% GST on making charges - applied separately to craftsmanship costs. For example, buying 10g of 22K gold at ₹12,031.36.36/gram (₹1,20,350 total) with 8% wastage (₹9,843.84) and ₹5,000 making charges would attract ₹3,899 GST on gold and ₹250 GST on making charges. Total GST paid: ₹4,149. This GST is non-refundable and is included in your purchase invoice.

Will gold price increase tomorrow?

Based on current market indicators as of October 16, 2025, gold prices are expected to increase marginally by 0.05-0.15% tomorrow. Factors supporting this forecast include: (1) Positive momentum in international spot gold prices, (2) Stable USD-INR exchange rate around ₹83.5, (3) Increasing demand ahead of the wedding season, and (4) Mild bullish signals from MCX futures. However, gold prices are highly volatile and can change rapidly based on global economic news, geopolitical events, and currency fluctuations. This forecast is for informational purposes only and should not be considered guaranteed or investment advice.

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

The main differences between 22K and 24K gold are: Purity: 24K is 99.9% pure gold while 22K is 91.6% pure gold with 8.4% alloy metals (copper, silver, zinc). Price: 24K costs ₹13,125.12.12/gram versus 22K at ₹12,031.36.36/gram (₹1,094 difference per gram). Durability: 22K is harder and more suitable for daily-wear jewelry, while 24K is softer and bends easily. Uses: 24K is preferred for investment (coins, bars), while 22K is preferred for jewelry in India (90% of jewelry purchases). Color: 24K has a brighter yellow color; 22K is slightly lighter due to alloy content. Resale: Both have excellent resale value, but 24K has marginally better buyback rates.

Conclusion: Making Smart Gold Purchase Decisions in 2025

Understanding today's gold prices in India requires more than just checking the rate per gram. With 22 karat gold at ₹12,031.36.36 and 24 karat at ₹13,125.12.12 per gram, now represents a moderately favorable buying opportunity as prices remain near weekly averages with stable market conditions.

Whether you're buying gold jewelry for a wedding, investing in gold coins for portfolio diversification, or considering Sovereign Gold Bonds for long-term wealth creation, being informed about price trends, city-wise variations, and the complete cost structure empowers you to make better decisions. Remember to factor in making charges (₹300-1,000/gram), wastage (5-12%), and GST (3% on gold + 5% on making) when calculating your jewelry purchase budget.

Key Takeaways:

• Gold prices are updated hourly based on international markets and MCX Mumbai
• Mumbai offers the lowest prices in India; city premiums range from ₹20-50/gram
• 22K gold is preferred for jewelry (91.6% pure); 24K for investment (99.9% pure)
• Total jewelry cost = Base price + Making charges + Wastage + GST (3% and 5%)
• Festival seasons (Akshaya Tritiya, Dhanteras, Diwali) offer best discounts
• Alternative investments include Digital Gold, SGBs, and Gold ETFs

For live gold price updates with hourly refresh, historical price charts, city-wise comparison, and our FREE Jewelry Purchase Cost Calculator, visit MarketsHost Gold Price Tool. Track prices across 22 Indian cities, calculate exact jewelry costs with custom making charges, and stay informed about market trends to time your gold purchases perfectly.

Last Updated: October 16, 2025, 10:30 AM IST | Next Update: Hourly
Data Source: MCX Mumbai, LBMA International Spot Prices, Hourly API Integration

Disclaimer: Gold prices mentioned in this article are indicative and subject to change based on market conditions. The information provided is for educational purposes only and should not be considered as financial or investment advice. Please verify current rates with local jewelers or visit our live gold price tool before making purchase decisions. MarketsHost is not responsible for any financial decisions made based on this content.