Price, Charges & Tax
How Gold Price is Calculated in India
From international dollar price to the rate your jeweller quotes.
Rates as on 29 September 2026 · Updated 29 September 2026
Today’s 22K / 24K (Delhi)
₹13,689 / ₹14,933
per gram, excl. GSTOverview
The domestic landed cost of gold is derived from the international price. Banks and bullion dealers add duty and a premium; jewellers then quote karat-wise rates, and your final bill adds making charges and GST.
| Particular | Details |
|---|---|
| 1 troy ounce | 31.1035 g |
| Landed cost | (USD/oz ÷ 31.1035) × USD/INR × (1 + duty) |
| Retail | + dealer premium + 3% GST |
| Jewellery | + making charges + hallmark fee |
Step-by-step
- International priceTake spot gold in USD per troy ounce.
- Convert to gramsDivide by 31.1035.
- Convert to rupeesMultiply by USD/INR.
- Add dutyAdd 6% import duty (5% BCD + 1% AIDC).
- Add premiumBank/dealer premium or discount.
- Karat conversionMultiply by fineness (916/999 for 22K).
- Add GST3% on the final sale value.
Final jewellery bill
Final price = (Karat rate × weight) + making charges + hallmark fee + 3% GST. Use the gold price calculator to compute it.
Frequently asked questions
Why is my jeweller’s rate different from MCX?
MCX is a futures price excluding GST; retail rates include local premiums.
Gold rates are indicative market references (29 September 2026) and change during the day. Rules on tax, hallmarking and investment products can change — verify with official sources. FinancePortal does not sell gold.