Gold Price Today Per Gram in India — July 28, 2026

Gold price today per gram in India

The gold price today per gram in India is ₹14,187.07 for 24K gold as of July 28, 2026. That is the clean spot reference most buyers are really asking for, even if they say “sone ka rate” at the counter. In practice, the final bill depends on purity, making charges, and how closely the local jeweller tracks MCX or imported bullion.

For a quick sense of scale, here is what the current rate implies across common weights and carats. Small differences matter. A ₹5 move per gram turns into ₹50 on 10 grams, and that gets amplified fast when someone is buying a chain, a coin, or a light bridal set.

• 24K gold, 1 gram: ₹14,187.07
• 22K gold, 1 gram: ₹13,004.82
• 18K gold, 1 gram: ₹10,640.31
• 24K gold, 10 grams: ₹141,870.74
• 24K gold, 100 grams: ₹1,418,707.38
• 24K gold, 1 kilogram: ₹14,187,073.77

On most days, the reference line starts with the LBMA gold benchmark and moves through INR conversion before Indian duties and local costs are added. MCX gold usually mirrors that broad direction, though intraday swings can be sharper because futures respond instantly to currency moves and global headlines.

Why the rate per gram changes between the market and the showroom

If you are checking the gold price today per gram before buying jewellery, the showroom figure will usually sit above the raw market rate. That is normal. The counter price includes the purity mix, the BIS hallmark stamp, design labour, wastage in some cases, and the making charge structure that varies wildly from one shop to another.

24K, 22K, and 18K are not interchangeable

Pure 24K gold sits at 999 purity and is the benchmark for coins, bars, and the spot rate you see on price trackers. Jewellery in India is usually 22K 916, because 24K is too soft for daily wear, while 18K 750 appears more often in fashion and studded pieces. The price per gram drops as purity drops, but the making charge can close that gap faster than most buyers expect.

One more thing trips people up: the rate itself and the final bill are not the same number. A strong dollar, a jump in crude, a fresh round of central bank gold buying, or even geopolitical tension can push bullion higher overnight. On the local side, import duty and GST keep the retail sticker higher than the global spot price, and that difference is exactly why two shops can quote slightly different numbers on the same morning.

What gold means as an asset, not just a purchase

The gold price today per gram matters to more than jewellery buyers. Investors track it too, because the per-gram number tells you whether physical coins, gold ETF units, digital gold balances, or Sovereign Gold Bond holdings are fairly priced relative to the market. A small retail buyer may start with 1 gram or 5 grams. A long-term saver may look at the 52-week range and ask a different question: is this a decent entry point, or just a noisy day in a broader uptrend?

Gold ETF products move with the underlying spot market, minus fund costs. Digital gold looks simpler for beginners, but it still tracks the same commodity. Sovereign Gold Bonds are a different animal altogether: they carry 2.5% annual interest, have a lock-in, and can trade on exchanges at market price. That interest makes SGBs fundamentally unlike physical gold, which sits in your locker and does nothing except preserve value. The trade-off is liquidity and access.

Seasonal demand still matters in India. Dhanteras, Akshaya Tritiya, the wedding season, and the run-up to festivals can lift retail buying even when global cues are flat. That is why the same gram price can feel cheap to one buyer and expensive to another. Context changes the decision. So does horizon. If you are buying for a function next week, the latest rate matters. If you are buying for five years, the broader rupee trend, inflation, and central bank demand matter just as much.