Quick Conversions
Gold Price — 10-Day Trend
All prices in ₹ per gram · daily rate, updated once per day
Why Import Duty Matters for India's Gold Price
India imports the large majority of the gold it consumes, since domestic mining covers only a small share of demand. That means the price you see on this page — currently ₹15,101.34 per gram for 24K gold — already reflects not just the international spot rate, but also import duty, cess, and GST layered on top as gold moves from overseas mines into Indian jewellery showrooms.
- 24K reference price (duty-inclusive): ₹15,101.34 per gram
- 22K reference price: ₹13,842.89 per gram
- 18K reference price: ₹11,326.00 per gram
Import duty rates change with government policy — most notably in Union Budget announcements — so a specific percentage quoted today can be out of date within a year. Rather than stating a figure that may already be stale by the time you read this, treat duty rates as something to verify from the Central Board of Indirect Taxes and Customs (CBIC) or a current news report before making a purchasing decision based on it.
Gold Price by Weight
Today's Gold rate is Fifteen Thousand One Hundred and One Rupees per gram. At this rate, 10 grams of Gold costs One Lakh Fifty One Thousand Thirteen Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹15,101.34 | Fifteen Thousand One Hundred and One Rupees |
| 8 Grams | 8.0000 g | ₹120,810.70 | One Lakh Twenty Thousand Eight Hundred and Eleven Rupees |
| 10 Grams | 10.0000 g | ₹151,013.37 | One Lakh Fifty One Thousand Thirteen Rupees |
| 100 Grams | 100.0000 g | ₹1,510,133.70 | Fifteen Lakh Ten Thousand One Hundred and Thirty Four Rupees |
| 1 Kilogram | 1,000.0000 g | ₹15,101,337.05 | One Crore Fifty One Lakh One Thousand Three Hundred and Thirty Seven Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹428,115.35 | Four Lakh Twenty Eight Thousand One Hundred and Fifteen Rupees |
| 1 Troy Ounce | 31.1035 g | ₹469,704.44 | Four Lakh Sixty Nine Thousand Seven Hundred and Four Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹15,101,337,045.00 | One Thousand Five Hundred and Ten Crore Thirteen Lakh Thirty Seven Thousand Forty Five Rupees |
How Duty, Cess and GST Stack Onto the Spot Price
Three separate layers typically sit between the raw international gold price and what you pay at a jeweller in India: basic customs duty (charged when gold physically enters the country), any additional cess the government has attached to that duty, and GST (currently 3% on the gold value, plus 5% GST on making charges specifically). Each of these is set independently and can change on its own schedule — duty and cess usually move with Budget announcements, while GST rates change less frequently through GST Council decisions.
This is also why India's gold price can look meaningfully different from the raw international spot price when you do a rough currency conversion — the gap isn't a pricing error, it's the accumulated effect of duty, cess, GST, and a small margin for refining and logistics. When the government cuts import duty, that gap narrows and domestic prices tend to fall relative to the international rate (holding the rupee and global price constant); when duty rises, the opposite happens. Our GST on gold page walks through the last of these layers — the 3% tax applied at the point of sale — with a full worked example.
Gold Price — Last 10 Days
The most recent Gold price on record (2026-09-16) is Fifteen Thousand One Hundred and One Rupees per gram. This is up by Thirty Three Rupees from the previous day's rate of ₹15,068.07.
| Date | Price (INR/g) | Change |
|---|---|---|
| 2026-09-16 | ₹15,101.34 | +33.26 |
| 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 | -1.46 |
| 2026-09-07 | ₹15,302.59 | — |
What This Means If You're Planning a Purchase
Import duty changes are usually announced with immediate or near-immediate effect from the Union Budget (typically presented on February 1st each year), so gold prices can shift meaningfully around that date independent of what's happening in international gold markets. If you're planning a large purchase and have some flexibility on timing, it's worth being aware of the Budget calendar — not to speculate, but simply because a duty change is one of the few gold-price movements that's driven by a known, scheduled policy event rather than market sentiment.
This page explains the general structure of gold import duty and taxes in India for informational purposes — it does not state a specific current duty percentage, since these change with government policy. Always confirm the current rate from the CBIC or a recent, dated news source before relying on it for a financial decision.
Gold Import Duty — Common Questions
India mines only a small fraction of the gold it consumes — the vast majority of domestic demand is met through imports. That makes India's gold price structurally tied to import policy, customs duty, and the rupee's exchange rate, on top of the international spot price.
Gold import duty serves two main purposes: it's a revenue source for the government, and historically it has also been used to manage the country's current account deficit — gold imports are a major outflow of foreign currency, so duty changes are sometimes used as a lever to discourage or encourage import volumes.
Import duty and applicable cess are added on top of the international gold price when it's brought into India, so a higher duty directly raises the landed cost — and therefore the price you see at the jeweller. Because duty rates have changed significantly across recent Union Budgets, the exact current rate is best confirmed from the Central Board of Indirect Taxes and Customs (CBIC) or a recent budget summary rather than assumed from memory.
Import duty itself is a national rate — it doesn't vary by city. City-to-city price differences in India instead come from local factors: state-level taxes, transport and insurance costs, and local jewellers' association rate-setting conventions, which can differ by a small margin even on the same day.
Gold jewellery in India attracts 3% GST on the taxable value — the gold value plus making charges, combined. Import duty is charged much earlier in the supply chain, when raw gold physically enters the country, so by the time you buy jewellery, the duty-inclusive metal cost is already baked into the per-gram rate the 3% GST then applies to. See our dedicated GST on gold page for the full worked example.
