Quick Conversions
Gold Spot Price — 10-Day Trend (Buyback Reference)
All prices in ₹ per gram · daily rate, updated once per day
Cash for Gold: What "Buyback Rate" Actually Means
When you sell old jewellery, coins, or bars for cash, the buyer isn't paying today's headline gold rate — they're paying a buyback rate set at a discount to it. Today's 24K spot benchmark is ₹15,288.77 per gram; that's the ceiling your offer is measured against, not the number you'll actually be handed. The gap between the two is where melting loss, purity testing, and the buyer's own margin get factored in — and it's normal for that gap to exist, as long as the buyer can explain it.
- 24K gold spot, 1 gram: ₹15,288.77
- 22K gold spot, 1 gram: ₹14,014.70
- 24K gold spot, 10 grams: ₹152,887.66
There's no industry-wide fixed percentage for how much a buyback rate undercuts spot — it genuinely varies by buyer, by item condition, and by how much testing the piece needs. That's exactly why getting quotes from more than one buyer before you sell is worth the trouble: a wide gap between offers on the same item is a signal to ask harder questions, not just take the highest number.
Gold Spot Price by Weight — Buyback Reference
Today's Gold rate is Fifteen Thousand Two Hundred and Eighty Nine Rupees per gram. At this rate, 10 grams of Gold costs One Lakh Fifty Two Thousand Eight Hundred and Eighty Eight Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹15,288.77 | Fifteen Thousand Two Hundred and Eighty Nine Rupees |
| 8 Grams | 8.0000 g | ₹122,310.13 | One Lakh Twenty Two Thousand Three Hundred and Ten Rupees |
| 10 Grams | 10.0000 g | ₹152,887.66 | One Lakh Fifty Two Thousand Eight Hundred and Eighty Eight Rupees |
| 100 Grams | 100.0000 g | ₹1,528,876.63 | Fifteen Lakh Twenty Eight Thousand Eight Hundred and Seventy Seven Rupees |
| 1 Kilogram | 1,000.0000 g | ₹15,288,766.26 | One Crore Fifty Two Lakh Eighty Eight Thousand Seven Hundred and Sixty Six Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹433,428.88 | Four Lakh Thirty Three Thousand Four Hundred and Twenty Nine Rupees |
| 1 Troy Ounce | 31.1035 g | ₹475,534.14 | Four Lakh Seventy Five Thousand Five Hundred and Thirty Four Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹15,288,766,260.00 | One Thousand Five Hundred and Twenty Eight Crore Eighty Seven Lakh Sixty Six Thousand Two Hundred and Sixty Rupees |
Melting Loss and Purity Testing: Where the Deductions Come From
Jewellery is rarely pure gold. A buyer needs to know the actual karat before quoting anything, so the item gets tested — commonly with a touchstone/acid test, or an XRF (X-ray fluorescence) machine that reads purity without damaging the piece. Only the gold content counts: stones, enamel, solder, and any other alloy metal are weighed separately and excluded from the payout calculation. That's why two necklaces of identical gross weight can fetch noticeably different amounts — one might be genuinely higher-karat gold with light stonework, the other a lower-karat piece loaded with non-gold weight.
Why the quote is lower than the day's gold rate
Beyond purity, refiners typically account for a small melting/refining loss when converting jewellery back into standard bullion, and the buyer builds in their own margin for that risk and the cost of the assay process itself. None of this has a single fixed number attached to it industry-wide — a portion is deducted for purity testing and processing, and exactly how much depends on the buyer, the item, and sometimes how negotiable the deal is. What you can control is walking in informed: know today's spot rate, ask for the buyer's exact per-gram offer for your item's tested purity, and get that number before you hand anything over.
A BIS hallmark with a HUID (unique ID from a licensed assaying centre) helps here — it states certified purity up front, which can speed up the process and reduce arguments over karatage, even though a buyer may still choose to re-verify it themselves.
Gold Spot Price History — Last 10 Days
The most recent Gold price on record (2026-09-17) is Fifteen Thousand Two Hundred and Eighty Nine Rupees per gram. This is up by Fifty Nine Rupees from the previous day's rate of ₹15,230.10.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-17 | ₹15,288.77 | +58.66 |
| 2026-09-16 | ₹15,230.10 | +162.03 |
| 2026-09-15 | ₹15,068.07 | +36.63 |
| 2026-09-14 | ₹15,031.44 | -268.97 |
| 2026-09-13 | ₹15,300.41 | 0.00 |
| 2026-09-12 | ₹15,300.41 | -46.74 |
| 2026-09-11 | ₹15,347.15 | +66.38 |
| 2026-09-10 | ₹15,280.77 | -141.47 |
| 2026-09-09 | ₹15,422.24 | +121.11 |
| 2026-09-08 | ₹15,301.14 | — |
Cash for Gold vs a Gold Loan — A Genuinely Different Decision
Selling for cash and borrowing against gold solve the same immediate problem — needing money — in opposite ways. Cash for gold is final: you hand over the item, you're paid, and there's no getting it back except by buying gold again later at whatever the market rate happens to be. A gold loan is reversible: the lender holds your gold as collateral, but it's returned once you repay, and you keep the option of holding onto a piece that might have sentimental value or that you'd rather not part with permanently.
Which makes more sense depends on your situation, not on which one pays more upfront. If you're certain you'll never want the item back and need the full value now, selling is simpler. If there's any chance you'd want it returned, or you just need short-term liquidity rather than a permanent exit, a loan preserves that option — at the cost of paying interest instead of walking away debt-free.
Cash for Gold — Common Questions
Selling old or unwanted gold — jewellery, coins, or bars — to a jeweller, a dedicated buyback outlet, or a pawnbroker in exchange for immediate cash. The buyer pays based on the item's tested gold content and the live market rate, not its original purchase price or sentimental value.
Buyback quotes are typically set at a discount to the live spot rate, because the buyer factors in melting loss, the cost of purity testing, and their own margin. There's no single fixed percentage across the industry — it varies by buyer and by item — which is exactly why comparing more than one quote before selling is worth the extra half hour.
Common methods include a touchstone/acid test or an XRF (X-ray fluorescence) machine, which reads the item's actual karat non-destructively. Only the gold content counts toward your payout — stones, enamel, solder, and other alloy metals are weighed out separately and deducted before the rate is applied.
It can speed things up. A BIS hallmark with a HUID (from a licensed assaying centre) already states the item's certified purity, which reduces disputes over karatage — though a buyer may still re-verify it before quoting. It doesn't guarantee a specific buyback price; that's still set by the buyer's own policy and the day's gold rate.
They solve different problems. Cash for gold is a permanent, irreversible sale — you get the full value now and give up the item for good. A gold loan lets you borrow against the gold as collateral and get it back once you repay, which suits anyone who might want the piece back or expects gold prices to rise before they can afford to buy it again.
No. Unlike a bank's gold loan LTV cap, which the RBI regulates, buyback rates are set independently by each jeweller or buyback outlet. That's the main reason rates can differ meaningfully between two shops on the same street — always ask for the exact per-gram rate being applied to your item's tested purity before agreeing to sell.
