Gold is more than jewellery in Indian households — it's a financial asset that many people fall back on during emergencies. Whether you're planning a purchase, tracking your investment, or thinking about a gold loan, knowing the cost of gold today helps you make an informed decision. Here's a breakdown of today's rates, why they change, and how they connect to your borrowing power.

Cost of Gold Today (Per Gram)

PurityPrice per GramPrice per 10 Grams24K (99.9% pure)₹15,415 – ₹15,480₹1,54,150 – ₹1,54,80022K (91.6% pure)₹14,130 – ₹14,190₹1,41,300 – ₹1,41,90018K (75% pure)₹11,560 – ₹11,610₹1,15,600 – ₹1,16,100

Rates are indicative and sourced from national bullion market averages. Gold prices change multiple times a day based on international bullion trends, and jewellers may add GST, making charges, and other levies on top of the base rate. For the most accurate figure before a transaction, always check the live rate on the day of purchase or valuation.

Why Gold Rates Differ by City

The base cost of gold is largely uniform across India, but small variations show up between cities like Delhi, Mumbai, Chennai, Kolkata, and Bhubaneswar because of:

  • Local taxes and duties levied by state authorities
  • Transportation and logistics costs to move bullion to different regions
  • Jeweller association rates, which can differ slightly from national averages
  • Demand patterns, especially during festive and wedding seasons

What Moves the Cost of Gold Today?

Gold prices aren't random — they respond to a specific set of economic signals:

  1. Global bullion market movements – International gold prices, quoted in US dollars per ounce, set the base trend that Indian rates follow.
  2. USD-INR exchange rate – Since gold is imported and priced in dollars, a weaker rupee typically pushes domestic gold prices higher.
  3. Interest rate expectations – When central banks like the US Federal Reserve signal rate hikes, gold often becomes less attractive as an investment, pulling prices down (and vice versa when rate cuts are expected).
  4. Inflation and safe-haven demand – Gold is widely used as a hedge against inflation and market uncertainty, so prices tend to rise when investors seek safety.
  5. Import duties and government policy – Changes to customs duty on gold imports directly affect the landed cost in India.
  6. Domestic demand cycles – Festivals like Akshaya Tritiya, Dhanteras, and the wedding season typically drive up local buying, which can push prices up further.

How the Cost of Gold Today Affects Your Gold Loan

If you're holding gold jewellery or coins, rising gold prices work in your favour when you need funds quickly. Here's the connection:

  • Loan-to-Value (LTV) ratio: Lenders, including NBFCs, sanction a loan amount as a percentage of your gold's current market value (commonly up to 75%, as per RBI guidelines).
  • Higher gold rate = higher loan eligibility: When the cost of gold today is elevated, the same amount of gold fetches you a larger loan amount compared to when prices are lower.
  • Valuation is done on the day of the loan: Your gold is appraised for purity and weight, and the loan amount is calculated using that day's live rate — not a fixed or historical price.

This is why many borrowers track the cost of gold today before pledging jewellery — timing your loan application when rates are favourable can meaningfully increase the funds you're eligible for.

Should You Take a Gold Loan When Prices Are High?

A gold loan can be a practical option when you need quick funds without selling your gold outright. A few points to keep in mind:

  • You retain ownership: The gold is held as collateral and returned once the loan is repaid — you don't lose the asset.
  • Faster disbursal than most unsecured loans: Because the loan is backed by a tangible asset, approval and disbursal are typically quicker.
  • Compare interest rates and charges: Look at the interest rate, processing fees, and any valuation charges across lenders before committing.
  • Repayment flexibility: Many NBFCs offer flexible repayment options, including bullet repayment, so choose a structure that matches your cash flow.

Frequently Asked Questions

Q1. What is the cost of gold today for 22K gold? As of today, 22K gold is trading at approximately ₹14,130–₹14,190 per gram, or roughly ₹1,41,300–₹1,41,900 per 10 grams, though rates can shift during the day.

Q2. Does the cost of gold today include GST and making charges? No. The rates above reflect the base bullion price. GST (currently 3% on gold value) and making charges, where applicable, are added separately at the time of purchase.

Q3. How often do gold rates change? Gold rates can change multiple times within a single trading day based on global bullion market activity, currency movements, and demand-supply shifts.

Q4. How is my gold loan amount calculated? Your lender appraises the purity and weight of your gold, applies the current market rate, and then sanctions a loan up to a set percentage (LTV) of that value, subject to RBI norms.

Q5. Is a higher gold rate always better for loan seekers? Generally yes — a higher rate increases the value of your pledged gold, which can translate into a higher loan amount for the same quantity of gold.