Gold Price for Jewellers in India

Trade metal values in India per gram (Oct 23, 2026 · 2:30 AM IST): 24K ₹12,177, 23K ₹11,724, 22K ₹11,210, 20K ₹10,194; sterling silver ₹153.59; platinum 950 ₹4,529.12. International spot converted to INR, before tax and margins.

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Trade price board · INR

Market closed · last price

Scrap buying price: % of melt value The last column shows what you would pay per gram.

Metal	1 gram	8 grams (1 sovereign / pavan)	10 grams	1 tola	You pay / gram
Gold 24K995	₹12,177	₹97,416	₹1,21,769	₹1,42,029	₹10,350
Gold 23K958	₹11,724	₹93,793	₹1,17,241	₹1,36,748	₹9,965.51
Gold 22K916	₹11,210	₹89,681	₹1,12,101	₹1,30,753	₹9,528.61
Gold 20K833	₹10,194	₹81,555	₹1,01,944	₹1,18,905	₹8,665.21
Gold 18K750	₹9,178.60	₹73,429	₹91,786	₹1,07,057	₹7,801.81
Gold 14K585	₹7,159.31	₹57,274	₹71,593	₹83,505	₹6,085.41
Gold 9K375	₹4,589.30	₹36,714	₹45,893	₹53,529	₹3,900.91
Fine silver999	₹165.88	₹1,327.05	₹1,658.81	₹1,934.80	₹141.00
Sterling silver925	₹153.59	₹1,228.75	₹1,535.93	₹1,791.48	₹130.55
Platinum950	₹4,529.12	₹36,233	₹45,291	₹52,827	₹3,849.76
Fine platinum999	₹4,762.73	₹38,102	₹47,627	₹55,552	₹4,048.32
Palladium950	₹3,052.14	₹24,417	₹30,521	₹35,600	₹2,594.32

Melt values: international spot × purity × weight, converted at the live INR rate (Oct 23, 2026 · 2:30 AM IST). They exclude VAT/GST, duties, refining and dealer margins. Your setting of the scrap column stays on this device only.

Alloy calculator

karat in, karat out

Fine gold in the piece = weight × karat ÷ 24. Going down in karat, add alloy (copper, silver, zinc, palladium for white gold); going up, add fine gold. Weights only — melting losses not included.

Piece price builder

metal + making + stones + tax

Uses today's melt value. Enter your own making charge, markup and tax rate; nothing you type is sent anywhere.

Daily gold rates per gram · last 15 trading days

INR, daily close

Date	24K	23K	22K	20K
Thu 22 Oct 2026	₹12,231	₹11,776	₹11,260	₹10,240
Wed 21 Oct 2026	₹12,574	₹12,107	₹11,576	₹10,527
Tue 20 Oct 2026	₹12,589	₹12,121	₹11,589	₹10,539
Mon 19 Oct 2026	₹12,640	₹12,170	₹11,636	₹10,582
Fri 16 Oct 2026	₹12,643	₹12,173	₹11,639	₹10,585
Thu 15 Oct 2026	₹12,693	₹12,221	₹11,686	₹10,627
Wed 14 Oct 2026	₹12,522	₹12,056	₹11,528	₹10,483
Tue 13 Oct 2026	₹12,799	₹12,323	₹11,783	₹10,715
Mon 12 Oct 2026	₹12,973	₹12,491	₹11,943	₹10,861
Fri 9 Oct 2026	₹13,059	₹12,574	₹12,023	₹10,933
Thu 8 Oct 2026	₹12,867	₹12,388	₹11,845	₹10,772
Wed 7 Oct 2026	₹12,765	₹12,291	₹11,752	₹10,687
Tue 6 Oct 2026	₹12,905	₹12,425	₹11,880	₹10,804
Mon 5 Oct 2026	₹12,809	₹12,333	₹11,792	₹10,723
Fri 2 Oct 2026	₹12,813	₹12,336	₹11,795	₹10,726

Gold futures daily close converted at that day's exchange rate. For longer history see gold price in India by year and the gold price history.

Rules for Jewellers in India

Reviewed October 2026. Check the sources for the latest rules before acting on them.

Making charges and pricing

Indian jewellery is priced by weight: the net gold weight × the day's rate for its karat, plus making charges, plus 3% GST on the total. Making charges are quoted either as a percentage of the gold value or as a fixed amount per gram, and usually differ between machine-made items such as chains and handmade, antique or temple designs. Many jewellers also add wastage (also called value addition, or VA), a percentage of the gold weight that covers metal lost in manufacture; others include it in the making charge.

Stones, enamel and other materials should be weighed and priced separately so that they are not charged at the gold rate. For hallmarked jewellery, BIS rules require the bill to show each article's description, weight, purity and the hallmarking charges separately. In exchanges and buy-backs, jewellers test the purity of the old piece, deduct stones and dirt, and pay for the gold content at their own buying rate.

Hallmarking and purity marks

Hallmarking is mandatory for gold jewellery and artefacts sold in notified districts: 385 districts in 26 states and union territories under the amendment order of 28 April 2026, and the district list was replaced again by an order dated 3 August 2026. Each piece must carry the BIS logo, the purity grade (for example 22K916) and a six-digit HUID code. The mandatory grades are 14K, 18K, 20K, 22K, 23K and 24K; 9K can be hallmarked voluntarily under IS 1417:2016.

Any jeweller selling hallmarked jewellery must register with BIS; registration is online, free and valid for life. Hallmarking is done at BIS-recognised Assaying and Hallmarking Centres, and the first seller in the chain is responsible for it. Exemptions include jewellers with annual turnover up to ₹40 lakh, articles weighing up to 2 grams, kundan, polki and jadau jewellery, and articles made for export. Jewellers may still buy back unhallmarked old gold from consumers.

Tax on sales and scrap

Gold, gold jewellery and coins carry 3% GST, charged on the whole invoice, including making charges. The rate was unchanged by the September 2025 GST overhaul. Customs duty on imported gold has been 15% since 13 May 2026 and is built into the landed cost of bullion.

No GST is due when you buy old gold from a private individual. The Finance Ministry clarified in July 2017 that a person selling their own jewellery is not supplying in the course of business. Under the margin scheme for second-hand goods (Rule 32(5) of the CGST Rules), GST is paid only on the difference between buying and selling price, but only if the item is resold without changing its nature. In 2023 the Karnataka Authority for Advance Ruling held that melting old jewellery into lumps took a dealer outside the scheme (White Gold Bullion). Advance rulings bind only the applicant, so take advice on your own case.

Customer checks and reporting

Under the Prevention of Money-laundering Act, a dealer in precious metals and stones becomes a reporting entity once it carries out cash transactions of ₹10 lakh or more with a customer, either in one transaction or in several linked ones (notification of 28 December 2020). From then on it must register with FIU-IND, carry out customer due diligence, keep records, send cash transaction information monthly (by the 15th of the following month) and report suspicious transactions within seven working days. The sector regulator is the Central Board of Indirect Taxes and Customs (CBIC), which acts through its Directorate General of Audit.

Income-tax law separately restricts receiving ₹2 lakh or more in cash from one person for a single transaction or in a day. The new Income-tax Act, 2025 took effect on 1 April 2026, so check the current section and PAN-quoting rules with your tax adviser.

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Free Price Tools for Your Website

Show live prices and a scrap calculator on your own site: free for jewellers and dealers, no sign-up. Copy the code into your website; please keep the small "by Corgano" link.

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Live price ticker

Gold and silver prices in INR, updated every minute.

<div style="max-width:100%;width:360px"><iframe src="https://goldprice.corgano.com/widget/ticker?ccy=INR&unit=g&theme=auto&silver=1" title="Live gold price" width="360" height="118" style="border:0;width:100%;height:118px;display:block" loading="lazy"></iframe><p style="margin:4px 0 0;font:12px/1.4 sans-serif;text-align:right"><a href="https://goldprice.corgano.com/india">Gold price in India</a> by Corgano</p></div>

Gold price chart

One year of gold prices per gram in INR, with today's price on top.

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Scrap gold calculator

Customers weigh their gold and see what you pay: set your own % of melt value.

<div style="max-width:100%;width:360px"><iframe src="https://goldprice.corgano.com/widget/calculator?ccy=INR&unit=g&purity=22&payout=85&theme=auto" title="Gold value calculator" width="360" height="360" style="border:0;width:100%;height:360px;display:block" loading="lazy"></iframe><p style="margin:4px 0 0;font:12px/1.4 sans-serif;text-align:right"><a href="https://goldprice.corgano.com/india">Gold price in India</a> by Corgano</p></div>

Jewellery price calculator

Customers price a piece: gold rate for the karat, your making charges, stones and GST.

<div style="max-width:100%;width:360px"><iframe src="https://goldprice.corgano.com/widget/jewellery?c=india&theme=auto" title="Gold jewellery price calculator" width="360" height="450" style="border:0;width:100%;height:450px;display:block" loading="lazy"></iframe><p style="margin:4px 0 0;font:12px/1.4 sans-serif;text-align:right"><a href="https://goldprice.corgano.com/gold-jewellery-price-calculator">Gold jewellery price calculator</a> by Corgano</p></div>

Jewellers in India: FAQ

What is the scrap gold price per gram in India today?

The melt value of gold today is about ₹12,177 per gram for 24K, ₹11,724 per gram for 23K, ₹11,210 per gram for 22K, ₹10,194 per gram for 20K, ₹9,178.60 per gram for 18K, ₹7,159.31 per gram for 14K, ₹4,589.30 per gram for 9K, at the international spot price converted to INR (Oct 23, 2026 · 2:30 AM IST). Buyers of scrap pay a percentage of this melt value to cover refining, assaying and their margin; use the scrap column on this page to work out your own buying price.

How do jewellers work out the value of old gold brought in for exchange?

The piece is tested for purity (often with an XRF machine), and stones and other non-gold parts are removed or deducted. The net weight is then multiplied by its purity to give the fine gold content, which is valued at the jeweller's buying rate. The rate on this page is the international price converted to rupees, before import duty, so Indian market rates sit above it.

Is GST charged when a jeweller buys old gold from a customer?

No. A private individual selling their own jewellery is not making a supply in the course of business, so no GST is payable. GST is charged at 3% when the jeweller later sells new jewellery or gold.

Do I need to hallmark jewellery that weighs less than 2 grams?

No. Gold articles up to 2 grams are exempt from mandatory hallmarking, as are jewellers with turnover up to ₹40 lakh a year. You can still have such pieces hallmarked voluntarily.

When does PMLA reporting apply to a jeweller?

When you carry out cash transactions of ₹10 lakh or more with a customer, in one transaction or several linked ones. You must then register with FIU-IND, do KYC, keep records and report cash and suspicious transactions.

Sources: BIS: hallmarking for jewellers · BIS: Hallmarking (Second Amendment) Order, 28 April 2026 · Lok Sabha: hallmarking exemptions (Apr 2022) · CBIC/DGA: AML guidelines for dealers in precious metals and stones. Information, not legal or tax advice. See also: gold price in India · gold jewellery price calculator · other countries.