Gold Price Calculator

The base calculation multiplies the current rate per gram for a given purity by the weight of the gold in grams. The rate itself is set daily by local jewellers' associations, taking cues from international bullion prices (quoted on markets like the London Bullion Market), the rupee-dollar exchange rate, import duty on gold, and local demand. This is why the same purity of gold can show a slightly different rate from one city to another on the same day — it isn't one single national number, but a set of closely aligned local rates that track the same global price movements.

Because gold rates move daily, there's no fixed number, but as a recent reference point, national average rates in late June 2026 were around ₹14,200 per gram for 24K gold, ₹13,000 per gram for 22K gold, and ₹10,650 per gram for 18K gold. These figures shift with global bullion prices and the rupee-dollar exchange rate, so use them only as a ballpark — always check the live rate from your jeweller or a trusted source on the day you need an accurate value.

24K gold is 99.9% pure, while 22K gold is 91.6% pure — meaning roughly 8.4% of a 22K piece's weight is other metals like copper or zinc rather than gold. Because of this purity difference, 24K gold always commands a higher rate per gram than 22K, typically by around 8-10% at current prices. 24K is mainly used for gold bars and coins meant for investment, since pure gold is too soft to hold intricate shapes; 22K is the standard purity for most Indian jewellery because the added alloy makes it durable enough for daily wear while still keeping the gold content high.

One tola equals 11.6638 grams, though most jewellers round this to 10 grams for convenience when quoting prices — so a 'tola rate' you hear quoted is often really a 10-gram rate, not a strict 11.6638-gram one. If you're converting an exact weight, multiply the number of tolas by 11.6638 to get grams. The tola is a traditional unit still commonly used for pricing gold in India, especially in older billing formats and in some northern and western states, even though modern billing increasingly uses grams directly.

At a 24K reference rate of roughly ₹13,000-14,200 per gram (recent 2026 levels), 1 gram of 22K gold works out to about ₹11,900-13,000, since 22K gold is 91.6% pure and its rate is calculated by applying that purity factor to the base gold price. The exact figure moves daily with the underlying gold rate, so this should be treated as a snapshot rather than a fixed number — for an accurate current value, apply the day's live rate to the 0.916 purity factor rather than relying on a past figure.

The most reliable way is to look for the BIS hallmark and HUID (Hallmark Unique Identification) code stamped on the piece, which can be verified independently through the BIS Care mobile app to confirm both purity and the registration of the jeweller who sold it. A '916' stamp specifically indicates 91.6% purity, i.e. 22K gold. If a piece isn't hallmarked, purity can be checked at an authorised BIS Assaying and Hallmarking Centre using XRF (X-ray Fluorescence) testing, which is a non-destructive way to confirm exact gold content before you rely on a purity figure for valuation.

Not always, and it's an important distinction to understand. This kind of calculator gives you the fair market value of the actual gold content based on the day's rate — but resale offers from jewellers are often lower than this figure in practice. Many jewellers deduct a margin when buying back old jewellery, may not offer the full 24K-equivalent rate for lower-purity pieces, and sometimes apply additional deductions if a piece isn't hallmarked or if its purity can't be easily verified. If you're selling gold, it's worth getting quotes from two or three buyers and comparing each offer against the calculated fair value, rather than assuming any single quote reflects the true market rate.

City-level rate differences come from a mix of factors: each city's jewellers' association sets its own daily rate based on local supply and demand, state-level taxes and levies can differ, and transport and logistics costs vary depending on how far a city is from major import hubs. High-volume metro markets sometimes see marginally lower rates than smaller towns because bulk purchasing further up the supply chain brings small discounts that filter down to local pricing. These gaps are usually small — often well under 1% — so they're rarely worth factoring into a buying or selling decision on their own, but they do explain why a rate you see quoted nationally may not exactly match your local jeweller's board that morning.

They represent the exact same rate, just expressed at different scales — multiplying the per-gram rate by 10 gives you the per-10-gram (or approximate per-tola) rate, and dividing the per-10-gram figure by 10 gives you the per-gram rate. Indian jewellers commonly quote rates per 10 grams because it aligns with the traditional tola unit and because most everyday jewellery purchases fall in a similar weight range, but the underlying pricing logic is identical regardless of which scale is used to display it.

Always compare like for like — check that the rate you're looking at matches the purity of the gold you actually have or plan to buy. Comparing a 24K quoted rate against a 22K piece will make the 22K piece look artificially undervalued if you don't apply the purity factor first, since 24K rates are inherently higher per gram. If a source only publishes a 24K rate, you can estimate the 22K equivalent by multiplying it by roughly 0.916, and the 18K equivalent by multiplying by 0.75, before making any comparison.

Gold rates in India typically update once or twice a day, tracking movements in international bullion markets, though some sources refresh more frequently during periods of high volatility. Because rates depend on global gold prices, the rupee-dollar exchange rate, and local demand, they can shift meaningfully within a single week even without any single dramatic event — a string of small daily moves in the same direction adds up. If you're timing a purchase or sale around price movement, it's worth checking the rate on the actual day rather than relying on a figure from even a few days earlier.