This converter shows the live gold price in Indian Rupees across purities (24K, 22K, 18K, 14K) and quantities (gram, tola, sovereign, 10g, troy ounce). USD/INR comes from a live forex feed; XAU/USD (gold spot per ounce) is pulled from the same aggregator and converted to per-gram INR price. The full pipeline refreshes every 10 minutes.
Three Indian-context layers matter when buying physical gold. Spot price + 3% GST + 8-15% making charges + occasional wastage loss (1-3%) means the final price you pay is 10-20% above the listed gold rate. For coins and bars, making charges drop to 1-3% — closer to spot. For investment-grade exposure, Sovereign Gold Bonds (SGBs) issued by RBI give you the price + 2.5% annual interest, no making charges, and capital gains exemption at the 8-year maturity. Digital gold platforms (MMTC-PAMP, SafeGold) offer something in between.
For ITR purposes, gold sold within 24 months is short-term capital gain (taxed at slab); after 24 months, long-term capital gain at 12.5% without indexation (post-Budget 2024). SGB interest is taxable; SGB capital gain at maturity is exempt for individuals.
Frequently Asked Questions
What rate is used for INR conversion?
USD/INR comes from the open exchangerate-api feed (refreshed every 10 minutes); XAU/USD spot price is included in the same feed. Local jewellers may charge a 5-15% markup over the spot rate plus 3% GST and 8-15% making charges.
Does the price include GST?
No, the base value is the pure metal value. The ‘GST included’ toggle adds 3% (the current GST rate on gold). Making charges (8-15%) are NOT added — those vary by jeweller and design.
What’s the difference between 24K, 22K, 18K, 14K?
Purity: 24K = 99.9% pure gold (soft, used for bars/coins); 22K = 91.6% (916 hallmark, most jewellery); 18K = 75% (used in diamond jewellery); 14K = 58.5% (less common in India, durable for daily wear).
Why is gold priced differently in different cities?
The base rate is uniform pan-India, but local taxes (Octroi where applicable), entry tax, jeweller margins, and demand cause 1-3% city-to-city variance — Mumbai/Delhi often slightly lower than smaller cities.
Is buying digital/SGB cheaper than physical gold?
Sovereign Gold Bonds (SGBs) give the gold price plus 2.5% annual interest, no making charges, capital gains exempt at maturity. SGBs are typically 5-10% cheaper than physical gold over an 8-year holding period.
Gold Quantity
Weight Unit
Purity / Karat
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Value across all currencies (same quantity & purity)
Live price per unit (24K)
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Formula
Value = Quantity (g) × Purity × (Spot Price USD/oz ÷ 31.1035) × FX Rate
Gold spot price (XAU) is quoted in USD per troy ounce globally. 1 troy oz = 31.1035g. Converting to INR uses the live USD/INR forex rate. Tola (1 tola = 11.6638g) is the traditional Indian measure. Hallmark 22K jewellery is 91.6% pure gold (BIS hallmarked).
Jewellery Note: This shows the raw gold value. Jewellery price = Gold value + Making charges (8–25%) + 3% GST. Always check BIS hallmark (916) before buying.
Gold Converter — FAQ
What is a tola?
A tola is a traditional Indian unit of mass used for gold. 1 tola = 11.6638 grams (or approximately 11.664g). It was the standard unit in pre-decimal India and is still widely used by jewellers, especially in North India and Pakistan.
What is a Sovereign?
A sovereign is a gold coin historically used in South India. 1 Sovereign = 8 grams of 22K gold. It is commonly used as a unit of measurement for jewellery in Tamil Nadu and Kerala and is often given as a gift at weddings.
Are Sovereign Gold Bonds (SGBs) better than physical gold?
For investment: yes. SGBs offer 2.5% annual interest, no storage cost, zero making charges, and the capital gain at maturity (8 years) is completely tax-free. The price is linked to the actual gold spot price. Ideal for investors not needing physical delivery.
How is gold taxed in India?
Physical gold held for more than 3 years attracts LTCG tax at 20% with indexation. Gold held less than 3 years is taxed at your income slab rate. SGBs are tax-free at maturity. Gold ETFs/MFs attract 20% LTCG after 2 years (as of post-Budget 2024 rules).
