GST Rate on Gold — 10-Day Price Trend
All prices in ₹ per gram · daily rate, updated once per day
GST Rate on Gold in India Today
The GST rate on gold is straightforward on paper and messy in the final bill. The metal attracts 3% GST, while jewellery making charges attract 5% GST. That is the part many buyers miss when they compare a showroom invoice with the live gold rate on a screen.
If you are checking GST rate on gold before buying jewellery, the base value still matters first. Today’s 24K rate is ₹14,187.07 per gram, while 22K and 18K sit lower because they contain less pure gold. The tax is then layered on top, along with making charges, wastage, and any store premium.
- 24K gold (1 gram): ₹14,187.07
- 22K gold (1 gram): ₹13,004.82
- 18K gold (1 gram): ₹10,640.31
- 10 grams of 24K gold: ₹141,870.74
- 100 grams of 24K gold: ₹1,418,707.38
- 1 kg of 24K gold: ₹14,187,073.77
For market watchers, the clean reference point is the spot price, which in India usually tracks LBMA gold and MCX gold fairly closely once currency moves and import duties are folded in. For the buyer at the counter, the final figure is always higher. Tax has its say.
Gold Price by Weight Before GST
Today's Gold rate is Fourteen Thousand One Hundred and Eighty Seven Rupees per gram. At this rate, 10 grams of Gold costs One Lakh Forty One Thousand Eight Hundred and Seventy One Rupees.
| Unit | Weight | Price (INR) | Price in Words |
|---|---|---|---|
| 1 Gram | 1.0000 g | ₹14,187.07 | Fourteen Thousand One Hundred and Eighty Seven Rupees |
| 8 Grams | 8.0000 g | ₹113,496.59 | One Lakh Thirteen Thousand Four Hundred and Ninety Seven Rupees |
| 10 Grams | 10.0000 g | ₹141,870.74 | One Lakh Forty One Thousand Eight Hundred and Seventy One Rupees |
| 100 Grams | 100.0000 g | ₹1,418,707.38 | Fourteen Lakh Eighteen Thousand Seven Hundred and Seven Rupees |
| 1 Kilogram | 1,000.0000 g | ₹14,187,073.77 | One Crore Forty One Lakh Eighty Seven Thousand Seventy Four Rupees |
| 1 Ounce (oz) | 28.3495 g | ₹402,196.45 | Four Lakh Two Thousand One Hundred and Ninety Six Rupees |
| 1 Troy Ounce | 31.1035 g | ₹441,267.65 | Four Lakh Forty One Thousand Two Hundred and Sixty Eight Rupees |
| 1 Metric Ton | 1,000,000.0000 g | ₹14,187,073,766.00 | Fourteen Hundred and Eighteen Crore Seventy Lakh Seventy Three Thousand Seven Hundred and Sixty Six Rupees |
How GST Changes the Final Gold Bill
There is a big difference between the rate you see on a gold market page and the amount a jeweller prints on the invoice. The GST rate on gold is fixed, but the base on which it is charged changes from one bill to another because every shop adds its own mix of making charges, wastage, stone cost, and design premium.
Why BIS hallmark still matters
Hallmarking is not tax, but it saves a lot of argument later. A BIS hallmark on 22K or 24K jewellery confirms purity and gives the buyer a cleaner comparison between one showroom and another. Without it, even a reasonable-looking price can hide a lower purity mix or inflated wastage.
On the market side, the bigger drivers remain the same: USD/INR movement, central bank gold buying, geopolitical stress, and the odd jump in crude oil that feeds into import economics. During festive buying and the wedding season, jewellers also widen premiums because demand shows up first in the retail lane, not on an MCX screen.
Gold Price History — Last 10 Days
The most recent Gold price on record (2026-07-28) is Fourteen Thousand One Hundred and Eighty Seven Rupees per gram. This is down by One Hundred and Ninety Rupees from the previous day's rate of ₹14,377.40.
| Date | Price (₹/g) | Change |
|---|---|---|
| 2026-07-28 | ₹14,187.07 | -190.33 |
| 2026-07-27 | ₹14,377.40 | +36.55 |
| 2026-07-26 | ₹14,340.85 | 0.00 |
| 2026-07-25 | ₹14,340.85 | +59.88 |
| 2026-07-24 | ₹14,280.97 | -291.28 |
| 2026-07-23 | ₹14,572.25 | +177.46 |
| 2026-07-22 | ₹14,394.78 | +141.04 |
| 2026-07-21 | ₹14,253.74 | +104.76 |
| 2026-07-20 | ₹14,148.99 | +33.54 |
| 2026-07-19 | ₹14,115.44 | — |
What Buyers Should Actually Compare
If you are buying jewellery, do not compare only the gold rate. Compare the total bill. A low-looking per-gram quote can disappear fast once GST, making charges, and stone costs get stacked on top. That is why many retail buyers in tier-1 and tier-2 cities now ask for a full breakup before they pay the advance.
Physical gold still makes sense for wedding purchases and gift buying, especially when you want a coin, bar, or ornament in hand. For investment-only exposure, gold ETF units, digital gold, and Sovereign Gold Bond allocations usually keep the tax and storage headache lighter than a locker full of jewellery. SGBs also have a 2.5% annual interest payout and a fixed holding structure, which is a real difference from physical gold.
The longer view matters too. Gold has a habit of staying firm when equity sentiment weakens, and the rupee rarely helps by itself. Even when the spot rate cools for a few sessions, buyers often come back during Dhanteras, Akshaya Tritiya, or a strong wedding calendar. That demand does not disappear; it waits.
GST Rate on Gold — Common Questions
The GST rate on gold in India is 3% on the value of gold. Jewellery making charges attract a separate 5% GST. That is why the final bill is usually higher than the spot price you see on MetalsCost.
Yes. GST applies at 3% on both 24K and 22K gold value. On the metal itself, the tax treatment is the same; the difference comes from purity. Today, 24K gold is ₹14,187.07 per gram, while 22K works out to ₹13,004.82 per gram before taxes and charges.
Jewellery making charges attract GST at 5%. This is separate from the 3% GST on the gold value. A hand-crafted piece with heavier workmanship can push the final invoice noticeably higher, even if the pure gold content stays the same.
MCX gold futures reflect market expectations, while jeweller pricing adds import duty, local premiums, wastage, making charges, hallmarking costs, and GST. The sticker rate at the counter is never just the raw gold rate.
GST is calculated on the taxable value. For plain gold, that means 3% on the gold value. For jewellery, 3% applies to gold value and 5% to making charges. If you buy a gold coin or bar, the making-charge part usually disappears, but GST on the metal still applies.
Gold ETFs do not charge GST on the fund unit itself in the same way as physical jewellery purchases, though expenses and fund structure matter. Digital gold and physical gold are different products, and the tax outcome depends on the platform and transaction route. For jewellery buyers, the 3% GST remains the key point.
